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Spain in poll position for potential British buyers

Tuesday, 10 March 2009 12:21 PM

Spanish property has maintained its position as the number one destination for British people buying abroad, according to PropertyIndex.com.

Spain beat France into second place, followed by Portugal, Turkey and Bulgaria in February 2009.

Properties in Spain were viewed most by people visiting the site, as well as those enquiring about specific properties.

The average price of properties viewed in Spain was £211,343 in February 2009, compared to £235,223 in February 2008 - an annual price drop of approximately ten per cent. The average price in France was considerably more, at £441,252.

The most popular destination in Spain was the Costa Blanca, home to Alicante and Benidorm, closely followed by Tenerife and the Costa del Sol.

Lee Bramzell, chief executive of PropertyIndex.com said: "The British love affair with Spain is far from over, and our data suggests that when we emerge from the recession, it will be the first place on the list for Brits wanting to buy holiday homes and investment properties overseas.

"While property sale volumes remain low, there is no doubt that the British are keeping a beady eye on the Spanish market, waiting for the right buying opportunity. I expect to see considerable pent up demand when the economy recovers.

"Tourism in the country remains strong and sensible Brits already owning property in Spain will be aiming to maximise their rental income over the coming months while they wait for the market to stabilise."

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