Spanish property continues to regain popularity

The number of searches for Spanish property in January this year was 37.05% higher than last year according to overseas property portal Homesgofast.

According to the portal the trend that has been noted since the Spanish property market imploded; namely the dominance of the Balearics and Canary Islands, not only continued in January but became even more pronounced. One third of all enquiries into Spanish properties were for those islands according to the portal.

"It's interesting to see how Spain despite the bad press is still very attractive to overseas buyers considering retiring or buying a second home abroad," said Nick Marr, director of the portal.

"The Change towards the Canary and Balearic Islands may be a result of the bad press that the Spanish property market has received," he continued. "People looking to get away from the UK winters still see Spain as a great place to holiday. The Canary Islands offer winter sun and a housing market that has not received the negative press that mainland Spain has endured."

"House values in Spain are at an all time low and the increase searches may be a result of both buyers and sellers researching the market."

Nick is right about the British aspect. According to the Association of British Travel Agents, Spain is still the number one holiday destination for Brits, with over 11 million British visitors gracing the shores every year.

Source: Homes Go Fast