Tuesday, April 29, 2008

Property purchase in Spain is easier than UK

According to the data from Halifax society, Spain has witnessed the strongest gains in terms of property price increase percentages and the average value of a home has doubled. This is due to the consistent demand for property in Spain. A new research by SPC Overseas revealed that property purchase in Spain is easier than buying a house in the UK.

Property developer Lar Sol reports show that Britons purchasing a house on the Costa’s find it more comfortable than buying in the UK. Lar Sol international sales coordinator Katy Katani said that the exceptional demand for property outstrips supply and continues to propel Spain’s economy. The consistent demand for property in Spain, fresh supply of external demand annually and the great likelihood of property owners to reinvest their properties in Spain makes the residential real estate market more active.

Katy Katani further said that the several significant steps are taken by the government by introducing cuts in income tax and corporate tax, by planning to reduce the number of tax bands on Spanish property and to eradicate income taxes on mortgages. The real estate in Spain has remained upbeat despite European Central Bank increased interest rates in 2007.

She also confirmed that Britons like to buy from other Britons who have properties in Spain which make property purchase easier for Britons and that, as Spain has long been a favourite destination for holidaymakers, retirees and investors from the UK, they are creating a network of potential clients.

Recent survey by Clerical Medical Investment Group found that one in three Britons are planning a retirement abroad with the vast majority planning on relocating to Spain.

Sunday, April 27, 2008

Buy-to-Let investors should look to the future

Investors in buy-to-let accommodation, irrespective of the recent dip has got encouraging news recently as Homes worldwide reports have said according to a study by VillasforTravel, owners of tourist accommodation in Spain have collected the highest rental returns in Europe in 2007.

Sun has reported that overseas property purchasers need to have a vision about the happenings in their chosen location in the next few years. The supply and demand ratio in a certain place could decide the all-purpose success of any investment. For instance, rental property nearby a place with a large number of available residences is less likely to appreciate in value. But a house in a limited supply area would have high capital appreciation provided other important factors are satisfied.

Recent enquiries in holidayrentals.com website suggest that Short Term Holiday lets in Spain have high returns potential with well-chosen properties in good locations than your investment than long term letting. Most experts predict that an occupancy level of around 15 weeks per year is enough to provide ample income to cover the payments on a typical 20 year 70% mortgage and maintenance costs.

But BuyAssociation recommended that short-term investors come up with an exit strategy if they desired to make riches from their rental property. Remember, short-term letting needs more work than long term. The most gainful approach is market your property yourself and usage of an excellent Short-Term Agent for property management.

Saturday, April 26, 2008

Brits visiting Spain increases despite weak pound

Ignacio Vasallo of the Turespana Spanish Tourist Board has revealed that tourists in 2008 are likely to be comparable and possibly more than those in 2007. The fall of the pound against the euro did not have any impact in the number of British tourists in Spain.

Recent poll by MyChild.co.uk, Spain is the top destination for British families who are heading abroad this year. This is despite the fact that many consumers are experiencing financial constraints as a result of the credit crunch and weak pound.
Spanish holiday homes
In fact, majority of respondents said they are not going to be put off Spain holiday for the continuing economic crisis. Ignacio Vasallo further said that this is due to the fact that the regular economic growth for British consumers over the last decade, which means they have sufficient reserves to handle existing financial problems. The credit crunch won't dissuade them from going on holiday this year. As Denise Roberts of MyChild.co.uk has said that British Families are increasingly seeing the family holiday break as a requirement rather than a luxury.

Spain is currently considered to be the cheapest country in the Eurozone and according to the Post Office; the cost of general expenses is comparatively lower than in places like France and it is nearly 15% lower than that of France. Helen Warburton, of Post Office, observed that people will be looking to visit countries like Spain where a lower cost of living will offer them more for their pound.

Official government figures say the overall number of holidaymakers in Spain increased by 1.7 per cent to more than 59 million when compared to last year.

Tuesday, April 22, 2008

Experts recommend property in Malaga

Despite all gloomy predictions about property in Spain and increasing pessimism about Spain’s housing market, Spain’s property market’s performance in the last quarter is not as bad as it was projected. Spain’s real estate is now a buyer’s market, but it is also a intricate situation of local markets performing in different ways. Overseas property buyers could find a number of good investment opportunities in Malaga, experts have stated and Buyers have to adapt to the conditions of local markets.


The house price inflation rate in Malaga when with other areas is favourable for the investors even though at first look it seems bad. Homes Worldwide has reported that house prices in many parts of the Costa del Sol are increasing at a slower rate and Malaga showed increase of only 1.5% in 2007.

Homes Worldwide believes that market conditions will pick up sooner or latter. This is the perfect time overseas investor’s could grab a property for a bargain price before the market picks up again. Sociedad de Tasacion, one of the Spanish appraisal companies expects that Spanish property will continue to deliver higher returns with less risk than the stock market.

Figures from Kyero.com show big variations in changes of regional asking prices in 2007. Property asking prices appear to have increased by 10.7% in Malaga province. Mark Clifton of the International Property Partners in Marbella has said that property prices are back where it was 3 years back.

There are reasons to consider purchase in Malaga. The expansion of Malaga airport and construction of new rail links along the coast would increase the visitors numbers and for Attractive properties in the right areas combined with realistic prices can put Malaga property back in track again. This could be the best time in years to get quality property for reasonable prices in Malaga.

Friday, April 18, 2008

Possible Tax rebate for overseas investors

Emilio Alvarez, a Spanish lawyer, recently said that Non-Spaniards who have sold property between March 2004 and December 2006 in Spain could be in line for a substantial tax rebate.

CAM&A (Costa, Alvarez, Manglano & Associates) and HiFX has said that overseas investors who sold their properties between March 2004 and December 2006 paid an income tax rate of 35% on any capital gains. On the contrary, Spanish nationals paid only 15%. These disproportionate charges breach the EU Treaty. The non-residents have paid 20% over the usual limit equates to a total income of nearly £37m and average at £11,000 each including interest.

Capital gains tax (CGT) rate forced non-residents paying inflated CGT bills to the extent of 20%. This tax is thought to have affected thousands of overseas investors.

The capital gains tax for non-residents has now been reduced from 35% to 15% in 2007. Consequently, thousands of overseas investors who’d previously sold property in Spain are entitled to a 20% rebate.

More details is available on www.Spanishtaxreclaim.co.uk or by calling their helpline on 0845 680 3849.

Madrid - City Information

The largest city and capital of Spain since 1562, is located at the geographic center of the Iberian Peninsula. A cosmopolitan city, headquarters for the municipal Administration, Government, Spanish Parliament and the home of the Spanish Royal Family, Madrid also plays a major role in both the industrial and banking sectors. Madrid is characterized by deep cultural and artistic activity as well as a very sparkling nightlife.

Location

Madrid is located just northeast of the geographical center of the Iberian Peninsula, in the middle of the Spanish central Castillian plateau (Meseta central), at an average altitude of 650m. The city is located on the Manzanares River. The Community of Madrid is bordered by the autonomous communities of Castile and León and Castile-La Mancha.

History

History of Madrid dates back to prehistoric times, as has been revealed by several objects found during different excavations along the banks of the River Manzanares. Many of these Palaeolithic objects, remains of animals that prove the existence of large mammals, Neolithic ceramics can be seen at the National Archaeological Museum. The first settlements inhabited by small Iberian and Celtic tribes dates back to 1000 BC between the rivers Jarama and Manzanares. The area around Madrid was used only as pass trough to other areas of Spain when the Romans occupied the Iberian Peninsula (from 218 BC.). According to archeological founds, a small number of Visigoth tribes settled the area after the fall of the Roman Empire.


The Town of Madrid has it origins from the Arabs; the Emir Mohamed I (852-886) ordered the first important construction in the town with the fortress on the left bank of the Manzanares River to protect their army and Arab citizens from Christian attacks. The area is under constantly attacks from Christians during the next 200-300 years which is the reason why the town in this period doesn't undergo any important expansions. Later it was conquered by Alonso VI in the 11th century. A defensive wall was built for the protection of the new outlying areas, tracing the roads of Segovia, Toledo and Valencia at the end of the 17th century. In the 18th century under the king Charles III (also known as the best Mayor of Madrid) the town gained importance and important constructions such as the El Prado, Puerta de Alcala, Paseo de la Castellana and the Royal Palace were build.

Madrid expanded rapidly during the golden age, the period after discovering America, financed by the gold coming in from the new continent. In the rest of the 19th century the town was expanded and under Franco’s regime all the national institutions were centered in Madrid and the town is said to have been privileged by the dictator. After Franco’s regime over in 1978, the king Juan Carlos I was established as king with home in Madrid and political transition to a Parliamentary monarchy was started.

Transportation

Madrid is a very major airport and is serviced by several airlines. Madrid Barajas International Airport) is located 13km from the Puerta del Sol. The airport has 4 terminals and Terminal 4 has won architectural awards, and might be worth the trip to have a look even if you are not flying. Two smaller airports, Torrejón and Cuatro Vientos, also serve the city, though, there are no commercial flights coming in or out of these two airports. Madrid has a system of local trains (Cercanías) that connect faraway suburbs and villages with the city center. The Cercanías make it easy and fitting to visit historic or outdoor destinations outside the city core although not important for short term visitors within the metropolitan area. Northbound trains arrive and depart from Chamartín station, while trains to Valencia, Barcelona and north Spain depart from Atocha railway station. Madrid's Subway is one of the best and cheapest metros in Europe. Besides, the underground tunnels of the Metro provide relief from the sun on hot days.

Places to visit in Madrid

Palacio Real: The Palacio Real (Royal Palace) is a massive palace, the biggest one in Europe in its kind, with scorching plains of concrete around it. Although it is the official residence of the King of Spain, the royal family does not actually reside here and it is generally used only for state ceremonies Entry: €8; Guided tour: €11; Students and children: €3.5; free W for EU citizens

Puerta del Sol: This is one of the busiest places in the city, and a favourite meeting spot for locals. There is a famous statue of an oso (bear) climbing the madroño tree on the north side of the plaza, which is the symbol of Madrid. New Year’s celebrations are aired from Sol every year with the ringing of the clock bringing in the new year.

El Retiro Park: This is the perfect place to take a rest during a sunny day and there is a large boating lake where one can hire a rowing boat. The Forest of the absent, and the Crystal Palace, a large structure entirely made of glass are a treat to watch.

Parque del Capricho: one of the most beautiful parks in Madrid nearby the Retiro Park. Declared as an Historic Garden, it has a strong Romanticism influence and was built in 1797-1839. the lake has swans and ducks, laberints, palaces, squares and fountains makes this a delicious place.

Gran Vía: Gran Via is one of the busiest avenues in Madrid, literally ‘Broadway’ and it is the main street of Madrid, and the location of the cinema district. The Gran Via is very comparable to Times Square in New York City.

Madrid cuisine


The best food from all around the country arrives in Madrid every day which means that the restaurants and markets have access to the freshest and most varied produce. The visitors should bear in mind that there are eating hours in Spain. Lunch and the evening meal start much later than in many other countries. The Spaniards tend to start the day with a light breakfast. Lunch can be as late as 15.00 or 15.30h. An excellent way of enjoying good Madrid Cuisine for around 7 or 8 euros at lunch time is to sit down for a "menú del día". This is a fixed price menu offering several choices of first and second courses with a drink, bread and desert or coffee. Dinner in Spain starts any time after 20.00h, and many restaurants will not open until 21.00h.

It is paradoxical that Madrid, located right in the center of Spain has higher quality seafood than most coastal regions. This quality comes at a price, and tasting Madrid's seafood may be, for the visitor, an experience which will be worth the cost.

Madrid has a number of "typical" dishes such as Gallinejas and Entresijos ( different parts of lamb fried in its fat), Callos a la Madrileña( A hot pot of spicy beef tripe similar to those found in Turkey and the Balkans), Cocido Madrileño (Chickpea stew with meat and vegetable products) and Oreja de Cerdo ( Pigs ear, fried in garlic)

Climate in Madrid

Madrid experiences quite different temperatures in the summer and the winter due to high altitude of 650 meters. From May to mid July, The weather is most pleasant with average temperatures are between 20 and 32 degrees Celsius (68°F – 90°F). From July to August, it can get very hot with temperatures sometimes reaching 40 degrees Celsius (100°F). Night-time temperatures remain around 18 degrees Celsius (64°F). Though, the climate in Madrid is very low in humidity, therefore making the high temperatures easier to tolerate.

The weather in Madrid is mostly dry, but that doesn’t mean that rain can be ruled out particularly in the winter months. However, please note that these temperatures are averages, and the weather may fluctuate from the normal. The temperatures drop in November, and the daily average is 12 degrees Celsius (55°F), dropping to 9 degrees Celsius (48°F) in December.

Calender & Holidays in Madrid

  • 1st of January - New Year’s Day
  • 5-6th of January - The procession of the 3 Holy Kings.
  • 3rd of February - A small festival celebrating the patron saint San Blas
  • March / April - Easter-Week
  • 1st of May - International Labor day. A national holiday in Spain
  • 2nd of May - Dos de Mayo. Local holiday In Madrid
  • 23rd of June - San Juan. San Juan is the longest day of the year
  • 15th of August - Asuncin de la Virgen. National holiday
  • 12th of October - Dia del Hispanidad. This is a national holiday with official parades celebrating "being Spanish".
  • 1st of November - All Saints day. National holiday in Spain.
  • 6th of December - Constitution day in Spain. National holiday
  • 8th of December - Imaculada Concepcin
  • 25th of December - Christmas day. National holiday

Wednesday, April 16, 2008

Best beaches in Spain

Spain is a very popular European holiday destination for visitors from around the world; Spanish beaches are breathtaking and many beaches are ideal for sunbathing fans. The country not only appeals to tourists looking for a lively holiday with fiestas and architectural excellence but also to those seeking to wind down and discover its impressive beaches. Here are few of the best beaches in Spain

Cala Llenya, Ibiza


Best for: Families
Ibiza is better known for its wild all-night beach parties and clubs. Cala Llenya is a spacious, sandy beach with safe swimming and rocky areas for snorkeling. There are great walks in the nearby pine woods. It never feels crowded although lots of people use the beach at weekends. Visitors can hire a pedalo to cycle across the bay and order lunch in a couple of nice beach bars.

Where to stay: Ola Club Cala Llenya, a complete three star hotel about 10 minutes walk from the beach. A week of comprehensive stay with flights for a family of four from UK costs £1799 total as on November, 2010.

Playa Victoria, Cadiz


Best for: Sun worshippers
Where it is: Cádiz, Cádiz, Spain.
The beach is immaculately maintained and the beach is quite spacious, 185 meters wide and 2,500 meters long. With its champagne-colored sands and wide open space, this may very well be one of the best beaches in Spain. The La Playa de la Victoria is a white flag beach and is equipped with sun loungers, sports areas and beach umbrellas.
The Paseo Maritimo is the main walkway that stretches from one end of the city to another which is quite beautiful. Come night-time, the beach take on a different kind of life. The locals and tourists alike assemble in the many chiringuitos (beach bars), having some tapas and drinks, while lying on the beach.

Es Trenc, Mallorca


Best for: children, beach restaurants
Where it is: Mallorca
Es Trenc is the largest beach in Mallorca which is still unspoilt and also tremendously popular. Es Trenc has two kilometers of fine-grained white sand, crystal clear and clean water with a gentle slope. The beach is extremely popular all through the summer, so try to avoid visiting the beach in the weekends.

Where to stay: Can Bril, a five double bedroom villa with pool 10 minutes drive from Es Trenc and two families can share. A week in the resort costs a total £1708 or £155pp. Colonia Sant Jordi is the nearest resort for those who want to stay close to Es Trenc and it has a few hotels.

Sotavento de Jandia , Canary islands


Best for: natural lovers
Where it is: Pájara, Fuerteventura, Canary islands
Jandia in Fuerteventura generally refers to the far south Jandia Peninsula region of the island, including the bigger resorts of Costa Calma and Morro Jable. Playa de Cofete and Playa de Barlovento are popular Fuerteventura Naturist beaches as it is a good spot for naturism and not crowded. Cofete itself is a tiny hamlet - not much down here apart from the stunning white sandy beaches. The currents are extremely strong and not good for safe bathing and swimming, however the beach is excellent for secluded sunbathing and naturism, however!

Where to stay: Restaurante Cofete (open 11am to 7pm, Tel: 928 17 42 43).

Playa De Mazagon, Huelva


Best for: Sunloungers
Huelva is one of Spain's most unspoilt areas and boasts a number of wild beaches. This is the place to come if you're after a tan as the Costa del la Luz browns under about 3000 hours of sunshine a year. Playa de Magazon is the jewel in the golden crown as it is with its fine white sand and calm seas. The beach stretches nearly four miles backed by cliffs and pine trees in the south of the province between Huelva and Matalascanas. There is also a nudist area on one section.

Where to Stay: The Parador Cristóbal Colon on top of the cliffs, with a swimming pool and gardens nearby the beach. B&B costs a total £103.20 per night. There are also great seafood restaurants on the promenade.

The Concha Beach



Best for: families with children

Where it is: within the Concha bay, San Sebastian.

Concha Bay is the most central and largest of the San Sebastian’s 3 beaches. It has excellent, golden sand and forms an arc covering about 2 kilometers. The beach has calm waters most of the time and it is very good for swimming with lots of very good facilities like showers (indoor and outdoor), life guards, lockers and changing rooms. The blue and white sun shades which cover a large section of the beach during the holiday season can be hired as per the needs and there is also an area reserved for sports on the beach. Ondarreta Beach is also located in the Concha bay and is nearby the Concha beach by a narrow promenade which disappears at high tide. Ondarreta Beach is much smaller than the Concha beach but has the same facilities.

Best time to visit: Try to visit the Concha Beach during the month of winter as the weather remains very pleasant and soothing. The white sandy Beach is really awesome and visitors will get to see several species of colorful sea birds in the La Concha Beach.

Playa del Sardinero, Santander



Best for: Families and elderly people

Where it is: Santander, capital city of the Region of Cantabria

Playa del Sardinero is a Blue flag beach with 1300m stretch of golden sand and it is Santander's longest as well as most popular beach. There is a promenade just above the beach which continues along to the Magdalena and park, Lots of hotels, restaurants, fast food places and bars nearby. The beach is equipped with sunshades and sunbeds to rent, showers, carparking facilities, lifeguards and access for handicapped people Every Sunday morning at the end nearest the Magdalena each locals meet to play "palas", a game played with wooden bats and a small ball in which couples hit the ball to each other in long rallies. Playa de la Concha is Small urban beach just 250m long is also nearby the Santander marina and it is very popular all year round.

Where to stay: Silken rio santander is Situated in Santander, this hotel is close to El Sardinero, Camello Beach, and University of Cantabria. Suites Apartamentos Las Brisas is surrounded by beautiful greenery and enjoys a prime location in Santander. This hotel is perfect for funny family vacations or romantic beach holidays.

Playa Postiguet, Alicante



Best for: Families, handicapped persons

Where it is: within walking distance from the Alicante town center

This beach is popular all year round both with locals and with visitors. The walkway goes along the full length of the long beach and is flanked by palm trees. The beach is equipped with Good facilities, beach umbrellas and hammocks, cleaning service, waste bins, public phones, promenade, chiringuitos and nearby restaurants. Paya Del Postiguet is one of the classic beaches of Alicante due to its size, fine, white sand and the vegetation. The beach possesses all the own infrastructures of a much visited beach and is a point of meeting for the free time in the summer nights.


Playa de San Juan, Alicante



Best for: Families

Where it is: within walking distance from the Alicante town center

Playa de San Juan is the longest and Alicante’s best beach with 7 kilometres in length and with an average width of 85 meters. The beach corresponds to the two municipalities of Alicante and El Campello, but is part of the town of San Juan. The beach has Excellent facilities, life guards in high season, water sports, beach bars, restaurants, long walkway, play area for children, accessible on foot and by car, bike, tram and bus. The beach is very crowded during the summer months and popular all year round. The beach is located in a residential area, which is lively in the summer months and there are many facilities at the beach, including showers, beach bars (chiringitus), pedal boat hire, volleyball nets, parking, children's playground, etc.

Playa de Las Canteras



Best for: divers and surfers

Playa de las Canteras is the best beach and is considered to be one of the best in Spain with 3000 metres long with fine, golden sand and a calm sea. The beach is located right in the heart of Las Palmas de Gran Canaria and it is a popular choice for tourists as well as residents of the city and is protected by a natural reef called La Barra which allows visitors to enjoy a swim in tranquil waters while surfers ride the waves. Sports lovers flock to this beach because it has perfect conditions for all kinds of water sports, provides a safe environment.

La Cicer is the area south of Playa de las Canteras, where the natural rock barrier finishes and this spot is packed with shops selling all kinds of water sports equipment and accessories, as well as surf schools. The bustling Paseo de las Canteras promenade where tourists will find lots of shops, open-air restaurants, snack bars and cafés. Puerto de Las Alcaravaneras is the nearest port which is an ideal place for diving, surfing, bodyboarding and windsurfing.

Where to stay: The deluxe five-star hotel Santa Catalina is close to Playa de las Canteras. There is a free shuttle service runs from the hotel to the beach every day, so all you need to do is pack a beach bag and go. There are also two other exceptional hotels which are very close to the beach are Hotel Gran canaria and Melia Las Palmas.

Monday, April 14, 2008

New flights boost property investment in Murcia

The introduction of new flights and the plans to double the size of Murcia airport and turn it into a major international hub is fantastic news for overseas property buyers. Monarch Airlines has just launched operating services to San Javier International Airport, Murcia from Manchester Airport in the UK.

The introduction of flights means increased accessibility of the area to property purchasers from north-west of England and this could make it more attractive to home buyers as more people from the UK are buying properties in Murcia in recent times. Murcia is considered to be a very safe investment. Property prices are pretty much guaranteed to remain steady due to the fact there is limited land available for new construction.

The low-cost carrier in their press release has said that flights to Murcia have been in strong demand which implies that tourism is set to boom in this region. The launch of new flights is due to the direct response to requests from the customers. This would result in the demand for rental accommodations.

Liz Savage, managing director of flymonarch.com has said that this has already become a phenomenal success as the first flight is fully booked and over 20,000 bookings are taken already. Paul Collins of BuyAssociation website has recommended Murcia as an emerging market with great potential for property investment.

Friday, April 11, 2008

Spanish property inflation rates

The quarterly figures released by the Spanish Ministry of Housing (Ministerio de Vivienda) is the most commonly used housing market statistics for property prices in Spain.

The figures for the third quarter (Q3) in 2007 shows that average national Spanish property prices rose by 0.3%, which translates itself into an annual increase of 5.3%. This is a deceleration compared to second quarter (Q2), when prices rose by 1.5% for that quarter, and 5.8% over 12 months. Average Spanish property inflation rates have been progressively falling after peaking 18.5% in 2003, to 9.8% in 2006, to 5.3% in 2007.

The deceleration in the rate of house price inflation and a drop in demand in certain places don’t mean the end of decade long property boom. The fall in the inflation rates do not pertain to the country as a whole. Murcia region's property market is expanding at a considerable pace and is likely to keep growing as Madrid saw rates drop to two per cent, but Murcia had 10.7% annualised price growth.

This is the forecast by the experts for 2008

BBVA (Spanish bank) : prices +1.4% in 2008 and -1.9% in 2009
Deutsche Bank: prices -2% to -8% in 2008
Natixis (French bank) : prices +2% to +3% in 2008
Crédit Agricole (French bank) : -10%

This comes after the recent survey by Yorkshire Bank which revealed that Spain is one of the most popular foreign destinations among overseas property investors from the UK. This shows after all the negative publicity in the media; Spain is the perennial favourite for British buyers.

Tuesday, April 8, 2008

Spanish Costas entice property purchasers

Industry analysts revealed that Spanish costas are still trendy location for property purchasers and there is intense demand for property for sale.

Spanish property portal Kyero.com claimed that Costa Blanca itself accounted for more than 25 percent of enquiries in 2007 regarding properties in beachfront.

The beauty and stunning climate of Costa Blanca and affordable property prices are the main reason for its huge popularity among overseas investors. This region is favourite place for holiday makers and overseas retirees. A large number of British expatriates have already homes in this region which speaks out for the fact of its popularity.

Martin Dell, managing director highlighted the appeal of Costas and indicated about the variety of properties it offers to property purchasers. However, he also recommended property purchasers to check the other factors like accessibility, amenities when purchasing the property.

The recent survey by Kyero.com confirmed Spain as a whole is proving to be particularly popular among expats from the British Isles. More than 750,000 of Brits own property in Spain and around 160,000 Brits have settled there permanently.

The website said that the gorgeous beaches, exciting nightlife, British food, English TV channels and harmonious relationship with Britain which makes Spain a popular destination for Brits.

Saturday, April 5, 2008

Spain's family focused lifestyle attracts Britons

The number of Brits looking to buy property overseas has skyrocketed in recent years is because of the fact that Spain offers more family oriented lifestyle.

Paul Collins of BuyAssociation has said that people consider moving abroad are enticed by Spain because of its culture, lifestyle, valued properties, good accessibility, and potential capital growth. British who appreciate the laidback lifestyle of Spain end up purchasing properties in Spain.

British feel that Spanish community and lifestyle is easy to get into as they miss the family focused lifestyle in UK and they don't have to compromise on their standard of living. ‘The Sun’ has reported that many are choosing to leave the UK and live in Spain on a permanent basis.

The report from holiday rentals has revealed that Spain is hot favourite for Britons and showed that Spain accounted for 31 per cent of British having holiday homes in Europe and 28 per cent of all British-owned holiday homes worldwide.