Spain remains the top destination for Brits investing in overseas property, but emerging markets elsewhere are beginning to close the gap, according to new research.
A report by Conti Financial Services has revealed that France is a close second, with the two countries accounting for one in three overseas property sales. Interest in the European market is beginning to cool, however – with Dubai and Cape Verde becoming more popular.
Commenting on the findings, Simon Conn, Conti’s sales and marketing director, told Property Wire: “Spain and France are still leading the pack, albeit with a narrowing margin, and it’s not difficult to see why.”
Explaining why Dubai was becoming an increasingly sought-after destination, Mr Conn said that low interest rates and the introduction of new property ownership laws were proving enticing to a number of UK property investors.
The research also revealed that traditional property hot-spots Cyprus, Portugal and Italy are seeing reduced levels of interest, while Germany appears to be bucking the trend as three per cent more Brits made property enquiries last year.
Tags: property, real estate, spain, uk
