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Emerging markets such as Bulgaria may be getting large amounts of publicity over their investment potential, but Spain remains firmly at the top with investors, according to a new study carried out by a leading foreign exchange provider.
The demand for currency for Spain, followed by France make up almost half of all the currency transactions carried out by foreign exchange providers.
Australia surprisingly came in as the third most popular place to buy a second home. Meanwhile the much touted Bulgaria came in fourth. Bulgaria has a long way to go before it manages to catch up with the property investment currently being poured into Spain and France. These two traditional destinations remain popular with the growing number of people who want to use their investment as a source of funds during their retirement. This group are not yet persuaded by the opportunities offered by emerging market because of the potential for a dip in such areas of inflation.
France and Spain have shown themselves to be reliable over many years and this kind of security is why they both remain such popular destinations to buy-to-let investors from the UK.
Research shows that Spain tends to be favoured because the majority of British overseas property buyers see their purchase either as a holiday home or somewhere to retire to. Its proximity, cheap flights, ease of renting out properties, a well established ex-pat community and the simplicity of escaping to the sun are key factors.
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