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 Friday, 8 August 2008
Lifestyle

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Buying property abroad: Spain

Spanish property

With soaring house prices and washed out summers, it's no wonder more of us Brits are buying property abroad. Check out some of our favourite overseas hotspots...

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Buying property in Spain
For a long time, Spain has been one of the property buyer's favourites. As the second largest country in the EU it offers something for everyone, from apartments set in busy tourist developments to tranquil farmhouses (fincas) located some 40km (roughly an hour's drive) from the beach, lunch and a lazy afternoon in the sun.

According to the Foreign and Commonwealth Office, around 600,000 Britons now live in Spain. They enjoy a comfortable lifestyle in one of the friendliest countries in Europe. While the cost of living has climbed recently, Spain is still cheaper than the UK.

Many Britons live around the coasts (costas), but a move inland has begun among those buying property and seeking tranquillity and life among the Spanish.

In recent months, there has been a slowing down of the property market, owing in part to the over-purchase of some Britons acquiring too many off-plan properties and then having problems completing on them. This has led to a surplus of apartments and villas. However, the market is now once again moving up.

There is a huge variety of properties, ranging from studio or one-bedroom apartments all the way up to luxury villas and farmhouses.

More info: Buying in Spain podcast I Overview of Spanish property I Buying guide
Be there: Book a flight to Spain