Spanish property still a draw for Brits

Interest in owning a property in Spain is still strong among British buyers, according to the latest research.

HiFX, the currency specialist, has revealed in its Global Property Hot Spots survey that 23 per cent of enquiries in July 2006 related to property in Spain, a two per cent rise on figures for March 2006.

Spain's near-neighbour Portugal also experienced a rise, but with just six per cent of enquiries in July relating to this, Spain was definitely the choice on the Iberian peninsula.

"It's summertime and the sunshine holiday destinations are in vogue for British buyers," said Mike Boles, head of international for Savills Private Finance.

"Increasing interest rates across the UK and Euro zone don't seem to have dampened demand and property prices are robust and rising across the traditional, mature European markets."

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Date: 8/29/2008