Spain remains the top investment destination for Britons buying property abroad, according to a new study.
While up-and-coming destinations in eastern Europe and, even further afield, Brazil and South Africa have enjoyed increasing interest from potential investors, traditional favourites remain the best attraction.
Research by currency specialist HiFX found savvy buyers in Spain should head inland – away from coastal developments – to get the best returns.
Mark Bodega at the firm advised investors to take a “more realistic” approach to the prospects offered by the Spanish property market.
He said they should look for existing value in properties rather than attempt to create it artificially.
“Cut through the current hype and think carefully about the property you are buying in order to make the most of the current market conditions,” he said. “Only certain areas are suffering a slump due to over supply, while others still have much to offer.”
Hetal Shah, director of Investors Provident, agrees that the Spanish property investment market continues to appeal to buyers.
Despite recent reports about a crash in the property sector of Spain, Mr Shah believes there is enough momentum in the market to keep it going.
“I think with the established markets, it’s never going to really die down – even with the recent scare in the Spanish property market.”
While up-and-coming destinations in eastern Europe and, even further afield, Brazil and South Africa have enjoyed increasing interest from potential investors, traditional favourites remain the best attraction.
Research by currency specialist HiFX found savvy buyers in Spain should head inland – away from coastal developments – to get the best returns.
Mark Bodega at the firm advised investors to take a “more realistic” approach to the prospects offered by the Spanish property market.
He said they should look for existing value in properties rather than attempt to create it artificially.
“Cut through the current hype and think carefully about the property you are buying in order to make the most of the current market conditions,” he said. “Only certain areas are suffering a slump due to over supply, while others still have much to offer.”
Hetal Shah, director of Investors Provident, agrees that the Spanish property investment market continues to appeal to buyers.
Despite recent reports about a crash in the property sector of Spain, Mr Shah believes there is enough momentum in the market to keep it going.
“I think with the established markets, it’s never going to really die down – even with the recent scare in the Spanish property market.”
ThinkSPAIN/Today
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