Loyal Brits still put Spain top of their property wishlist

Brits' love affair with Spain has never waned, despite recent economic troubles in both countries

Recent figures released by mortgage specialists Conti have revealed that Spain accounted for 44 per cent of mortgage enquiries by Brits during the month of May.

According to the company, this was the first time in 2013 that Spain topped France, which limped home in second place with 37 per cent of the enquiries…

British buyers have always been an important source of foreign investment for the Spanish property market. Just a few weeks ago a study by the General Council of Notaries showed that 2012 saw the number of foreign property owners increase by 28.4 per cent when compared to 2011 – with the Brits the largest single nationality.

With Spanish property prices at low levels compared to recent years, British buyers are returning in their droves to what has traditionally been their preferred property destination. The Costa del Sol again leads the way, returning to stability far sooner than other regions, and boasting more property choice to suit all types of budget than ever before.

Add excellent weather, cultural familiarity, a solid expat network and superb transport infrastructure, and it is no surprise that Spain is top of the property hotspots.

“There’s no denying that Spain’s recent financial woes have left a glut of properties sitting empty or struggling to sell,” said Clare Nessling, Conti’s Director. “But some bargain prices are turning heads, particularly those of the British, and there may never be a better time to buy a Spanish home.”