August 2012 Archive

Friday 3rd August 2012

Spain overtakes France and USA as the UK’s favourite place to buy

Spain has overtaken France and the USA as the United Kingdoms favourite place to buy an overseas property, according to The Overseas Guides Company (OGC).

The firm reports that 22% of all enquiries that it received between April and June this year were for property in Spain, which represents a staggering 37.5% increase on the first quarter of 2012 when the country’s share of enquiries for the Company was just 16%.

Property in France pulled in the second highest share with 21%, followed by property in USA with 14%, each dropping just 1% compared to the first quarter.

This ties in with what we at Girasol Homes have seen with a massive surge in enquiries and sales for properties for sale in Spain in 2012, many more for properties for sale in Portugal and the United States as well.

The encouraging exchange rate versus a weakening Euro has led to many more viewing trips and Spanish Property Sales (Record July 2012) and is expected to continue through the Summer and Autumn.

Have a comment on Spain overtakes France and USA as the UK’s favourite place to buy ?

Be the first to comment!