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It's official- that home buyers dream of owning a villa in Spain near the sea.
A recent pole carried out by Thinkproperty.com said that of nearly 3,000 home owners in the UK 40% are interested in buying an overseas property, many of them interested in buying a property in Spain. location was the most important factor, with all respondents wanting to live in an idyllic lacation. Forty five per cent said they would like their home to be near a beach, fifteen per cent wanted a village location or in the hills and ten per cent wanted to live in a tourist area. of those questioned thirty five per cent said that they would prefer a small villa, twenty per cent would prefer to live in an apartment while seventeen per cent woild idealy like a large villa. Only eight per cent said that they would be happy to own a small town house.
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Mark Goddard, managing director of Thinkproperty.com said that he has found demand for properties abroad is growing steadyily . "A new overseas desirability report gave a good indication of what home owners want from a property abroad, giving estate agents a clearer picture of what consumers are looking for. We have found the demand for overseas property growing steadily over the past six months, and predict that it will continue to rise throught the year.''
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With the rise of the UK interest rate, overseas property buyers are showing more interest in taking up a mortgage abroad, according to Smart Investment Property, which reported a 45% increase in investors considering foreign currancy mortgages. This is reflected in the findings of money exchange spaecialist Moneycorp "We have seen an increase in popularity for foreign currency morgtgages. What with interest rates rising in the UK , it can be more beneficial to look to a foreign currency mortgage", advises Moneycorp senior marketing executive Denise Blackburn.
bravenet.com
