Spain reigns supreme for brits buying abroad
Spain remains the top choice for Britons buying property abroad, according to Conti, the overseas mortgage specialist. The country accounted for just under half (46 per cent) of enquiries received by the company during 2015, despite France stealing a march on its lead during the second half of the year.
France accounted for 44 per cent of enquires in the final quarter of 2015, ahead of Spain's 42 per cent. Over the course of 2015, however, it took a 34 per cent share, so is still playing second fiddle to its biggest rival over the longer term.
Clare Nessling, director at Conti, says: "Bargain prices and historically low mortgage rates are making it more affordable than ever to snap up a property in all three countries, but the biggest boost to buyers’ budgets has been the growing strength of the pound, providing them with more buying power and more pounds in the pot. Long may it continue."