Brits still dream of a place in Spain
Bad weather in the UK throughout the summer had led to almost half of Brits surveyed considering buying a place in the sun.
A survey of 1000 people by Yorkshire Bank found that 43% of people were considering the purchase of an overseas property.
Spain was again found to be the most popular destination with 45% of respondents sayiny that they would invest in a holiday home in Spain. 31% said they would buy a property in Spain to retire whilst 32%would consider it as a long term investment - the only way to consider an investment in my humble opinion.
Also interesting 15% would seiously consider it as the best option to get a foot onto the property ladder.
Goes to show that Brits are still convinced that owning a property in Spain is still worth pursuing, both from an investment and a lifestyle aspect.
The negative aspect at the moment here is that the banks in Spain have gone from one extreme to the other following the sub-prime problems in the US and are being very tight with non-resident mortgages even though in many cases clients are puting down 20 to 30% on a property - this will come back to haunt them as bank managers make their money loaning money to the rest of us.
A survey of 1000 people by Yorkshire Bank found that 43% of people were considering the purchase of an overseas property.
Spain was again found to be the most popular destination with 45% of respondents sayiny that they would invest in a holiday home in Spain. 31% said they would buy a property in Spain to retire whilst 32%would consider it as a long term investment - the only way to consider an investment in my humble opinion.
Also interesting 15% would seiously consider it as the best option to get a foot onto the property ladder.
Goes to show that Brits are still convinced that owning a property in Spain is still worth pursuing, both from an investment and a lifestyle aspect.
The negative aspect at the moment here is that the banks in Spain have gone from one extreme to the other following the sub-prime problems in the US and are being very tight with non-resident mortgages even though in many cases clients are puting down 20 to 30% on a property - this will come back to haunt them as bank managers make their money loaning money to the rest of us.
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