France still top choice for overseas property investors

France soars ahead with 45 per cent of enquiries, but Spain on the increase too with 33 per cent

France is still the number one choice for Brits buying property abroad, according to the latest overseas property ‘hot spots’ report compiled by Conti, the overseas mortgage specialist. The country is top of the list for the fourth year running, accounting for a huge 45 cent of mortgage enquiries received so far this year. This is the country’s biggest share achieved to date, and compares with 39 per cent last year, and just 15 per cent back in 2008.

Spain, in second place with 33 per cent of enquiries, is also up from 31 per cent last year and from 14 per cent in 2008, thanks to excellent buying conditions and signs that the market is starting to bottom out. To say that the Spanish property market has experienced a turbulent few years would be a bit of an understatement, but it appears that our affections for this country show no signs of waning.

Portugal, accounting for 10 per cent of enquiries, is in third position for the second year running. Although its share is down by two per cent on last year, interest has picked up again over the last three months as falling property prices entice buyers back.

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