Monday 18 July 2011

Are more Brits seeking property in Spain

Are more Brits seeking property in Spain?Article Date : 08 July 2011   There are signs that Brits are taking an interest in property in Spain, it has been reported.Figures released by the Overseas Guides Company (OGC) showed that the number of requests for its publication about buying real estate in the nation rose by 24 per cent between January and May this year, A Place in the Sun revealed.Speaking to the news provider, director of OGC Kim Brown said: "The country continues to appeal because of its high level of Brits already living there providing a settled community of expats, the weather, the lifestyle and the easy access from the UK."And there are currently some good deals to find on Spanish homes, with the nation's Central Bank commenting last month that prices may fall further.In an interview with The Olive Press, director general of economics, statistics and research at the financial institution Jose Luis Malo de Molina said that the high number of unsold properties is continuing to drag values down.

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