Monday, May 31, 2010

The popularity of Spain is due to its versatile properties

Spain is one of the most popular destinations for Brits and lifestyle buyers and is due to its good weather, relaxed lifestyle and the chance to live or holiday together with the fellow Brits.

James Dearsley, European sales director for Atlas International, explained that there are two types of people interested in Spain. Firstly, there are those who "want to go there because Spain is so versatile it gives them that opportunity to get into the Spanish way of life". Besides, however, there are those who say: "'I want to go there because fellow Brits go there as it is traditionally popular with British tourists.'

The popularity of Spain is due to its versatile properties and lifestyle attractions that are extremely favorable to a high standard of living. Spain is also easily accessible from the UK, thereby allowing expats to stay in touch with their friends and family back home.

The Spanish Housing Ministry reported that prices fell by an average of 4.5 per cent year-on-year during the fist quarter of 2010, in comparison with annual falls of 6.2 per cent during the last three months of 2009 which is good news for lifestyle buyers and long-term investors.

Christopher Chadd, head of research at Property Frontiers said that individuals looking to the destination will be able to benefit from the heavy price falls incurred within the past two years. He added that the ever-popular tourist destination currently offers the "greatest bargains for the canny buyer".

He commented: "Spain's future is still uncertain, but homes are now sitting at a price where people can afford to dip their toes back into the market."