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Investment in Spain 'easier than ever. Friday, August 24, 2007
Increasing numbers of Britons are looking into investing in an Overseas Property as the process of retiring to the sun has become ‘easier, cheaper and more attractive’, it has been reported.
According to the Property Investment service provider for the over-50s, Saga Overseas Homes, Spain remains the number one choice for British retirees looking to relocate due to a number of factors, including price and practicality.
Commenting on the trend, Chris Simmonds, managing director of Saga Overseas Homes, said: “Growth in the UK housing market has generated a lot of equity for homeowners, and despite the similar boom in Spain, many people are finding that their money still goes a lot further on the Mediterranean coast, and they can have a new and idyllic home in the sun.”
In addition, Mr Simmons revealed that the growth in cheap flights from the UK and the strong ex-pat communities within Spain make the country the ideal choice for people looking to retire abroad but are nervous about living in a distant and foreign land.
Recently, HSBC signalled its confidence in the continuing strength and popularity of the Spanish property market, with the bank launching a bi-lingual service for Brits looking to invest in the country.