britons set to boost spanish market
News Posted On: 01 September 2008
Spain's housing market could be set to receive a boost from overseas property buyers in the UK, experts have suggested.
According to CityWire, many people in the UK are looking at buying a place in the sun now that the holiday season has come to an end.
The news provider highlighted Spain as one of the most popular locations among British consumers, partly because it offers "attractively priced" homes.
Britain's poor weather was flagged up as one of the main factors which is driving people overseas, as the country has recently experienced a "wet and depressing" summer.
CityWire commented: "That holiday home abroad looks even more tempting than usual, in spite of the credit crunch."
This comes after investment funds analyst Moneyspider.com predicted a surge in the amount of interest from prospective expatriates.
The organisation believes "grey and windswept" conditions in the UK could lead to more people looking to move abroad on a permanent basis.
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