According to the recently published “Quarterly Index” report from The Overseas Guide Company, 79 % of British residents were wanting to buy property in the Eurozone during Q3 2012, with Spain leading the trend.
RM, editor of The Overseas Guides Business, said: “Let’s not forget, the euro was at a four-year low against Sterling by the end of July this year – no doubt a contributing aspect to the particularly bustling August.
“The results of our Q3 Quarterly Index support the finding from our current study that more than 79 % of Brits have not been deterred from buying a property in Spain whilst existing recession.”
Spain still remains a leader, having actually expanded in positive growth throughout 2012 from simply 16% in Q1 to 22% in Q2.
Q3 2012 ended with Spain taking 24% of overall queries – sharing the top spot with France.
MP, sales and advertising manager at leading Spanish house builder Taylor Wimpey Espana said: “It’s wonderful to see that Brits have not been discouraged – it’s evident that the nation is still thought about one of the very best places to purchase a 2nd residence.
At Taylor Wimpey Espana we’ve actually seen our sales raise this year with a 52 % rise in sales on the Costa del Sol and an impressive 76 % increase on the Costa Blanca till September 2012 compared to the exact same duration last year.”
One of the most famous shorelines in Spain, the Costa Blanca brings in millions of site visitors each year and is generally a beloved destination for foreign buyers.
Conrad A. Bedford (MD @ Overseas Property Shop) quotes …”Property in Costa Blanca has been selling strongly – a large portion of the “NEW MODERN PROPERTIES” key ready taking over from the swamped and overcrowded ‘tired’ bank stock. We have started to drop bank repossessed stock as clients are just not buying them anymore – client’s prefer the new, larger properties that are now on offer (prices at 2002/2003 level)” …
Conrad add’s – The Costa Blanca is busier than ever – we’re seeing clients on a daily basis and it’s great to see builders back at work.
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