British buyers extra keen on spain's costas

Photo: Bert Kaufmann

Figures from the Overseas Guides Company reveals that enquiries about foreign property ownership surged 20 per cent year-on-year in the first quarter of 2014, with particular interest paid to real estate in the sun-soaked Costas.

Spanish property guides were downloaded 11,590 times int he first three months of this year, up from 9,685 during the same period last year.

“What was especially notable was Spain being more popular than France, typically the most dominant country for enquiries,” said Angelos Koutsoudes, Head of The Overseas Guides Company.

“This would indicate a return of confidence in the Spanish market amongst British buyers. The pound's ongoing strength since the start of 2014 and the UK's booming housing market and buoyant economy will have contributed to such a bullish first quarter. The unprecedented amount of rain and flooding we suffered in January will also have spurred people on to invest in a bolt-hole somewhere sunny."

The figures follow a recent report from TheMoveChannel.com, which showed that demand for property in the Costas has remained strong over recent years, with Andalucia, Murcia and the Valencian Community receiving the most enquiries.