Demand for Spanish property at an “all-time high”

According to TheMoveChannel.com’s Top of the Props, Spanish property attracted more interest than that of any other overseas country in September, when more than one in five enquiries came from buyers looking for a home in Spain. Equating to a record high of 20.78 per cent, the figure represents a year-on-year increase of 5.01 per cent, the highest level ever reported since the Top of the Props chart was launched.

In fact, apart from a bit of a wobble in late 2011, when US property briefly overtook Spanish real estate, Spain has consistently held the No. 1 slot on the London-based overseas property portal for a good many years now – even throughout the Eurozone crisis. And while the US refuses to relinquish its Number 2 position, it still trails behind Spain at quite a considerable distance with only a 16.17 per cent share of overall enquiry volume last month.

Of course, what with property prices in Spain down by as much as 60 per cent from their market peak, and the Euro still around 25 per cent weaker against the pound than it was back In December 2008 – not to mention France’s recently approved property taxes – it’s highly unlikely that Spanish property is going to lose its overwhelming appeal any time soon, even though Spain’s economy continues to cause concern.