Spain still popular for lifestyle and low property prices

Published:  6 Feb at 6 PM
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The British love affair with Spain is still as hot as ever, in spite of the infamous property scandals, demolitions and scamming developers.

As in decades past, the main attractions are the laid-back lifestyle and welcoming, warm weather, although the huge drop in property prices over the last several years also has its attractions. A new study has revealed that at least half of property bargain-hunters are looking for a holiday villa, a third can’t wait to leave the UK for ever and only 13 per cent are looking for a good investment.

Spain is still attracting retirees, with almost 66 per cent of respondents to the survey saying they would be buying a Spanish home within the next two years. France is the second choice for expats and holiday home buyers, and the number of those looking for an overseas property in either country has increased by 20 per cent since 2012.

Property prices in Spain haven’t yet bottomed out, and the average asking price of £243,000 for an average UK home can buy a three-bedroomed villa in Alicante, a five-bedroomed home in Brittany or a three-bedroomed coastal villa in Portugal. A four-bedroomed property in Florida will coast a third more.

The best European property bargains are to be had away from the major cities and resorts, and prices in France are steadier than in Portugal and Spain, giving less chance of bagging a bargain. Those thinking of buying in either Spain or Portugal should bear in mind that real estate experts believe the markets will have fallen to their lowest points by early autumn.
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