Spain named as top spot for overseas property investment

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Spain has been revealed as the best destination for overseas property in an annual list from A Place In The Sun magazine.

Results from a poll undertaken at the A Place in the Sun Live exhibitions at Earls Court London and the NEC Birmingham show people are continuing to stick with old favourites, with seven of the top ten located in the eurozone.

France took second place, thanks to its ease of access, while Portugal, Italy and the US, in particular Florida, completed the top five.

Turkey was named as the sixth most popular destination, followed by Greece, Cyprus and the Caribbean. Malta snuck in at tenth place to complete the list.

Liz Rowlinson, editor of A Place in the Sun magazine, said: “It shows UK buyers as sticking to tried and tested European countries – yet also willing to travel further to destinations such as Florida and the Caribbean to find their perfect holiday home location.”

In the UK, home affordability is now at its best since 1997, with all 12 regions experiencing an improvement in affordability since mid 2007.

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26th January 2012