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Spain still the favourite for Brits moving abroad

Despite recent negative press Spain is still the favourite destination for British overseas buyers, according to property line, the foreign property portal.

Spanish property accounted for 43% of all enquiries property line's records show. Second was France with 13% and third Italy with 11%. Buying property in Spain has become popular in recent years, but a slight dip in property prices in 2007 has seen negative press start to appear. Property line however reports that the UK's love affair with a place on the Costas shows no signs of abating.

This year Spain's beaches received more than 500 blue flags for excellence of facility.

It has long been the case that retiring Britains would buy themselves a property in Spain to spend their retirement, but nowadays potential buyers are of all ages and many under 35 yrs of age.

The accessibility (fly to Malaga for example in 2 hours from most UK airports) and the price of properties in Spain is proving to be a hit with many Britains - who are clearly looking to get more "bang for their buck" than they would in the UK. Fuelled by the swathes of television programmes about buying a dream home abroad, the Spanish property market is still a hot pick for Brits looks to escape from bleak UK climates.

A recent dip in Spanish property prices has sparked off some negative press about the long term feasibility of Spanish property investment but figures show that interest has certainly not tailed off in any way whatsoever.

It is difficult to predict what investors will do but what we think is the long term outlook for the property market is good, says Laura Bergani, head of media relations at Barclays GRCB. The British press has apparently exaggerated recent events in the Spanish property markets not giving readers the full picture. Up to a million Britons are believed to be living in Spain permanently.

Robin Haynes running the property line project commented. "August is traditionally a quiet time of year for Brits buying overseas, but we are still seeing a healthy level of enquiries particularly in southern Europe and the USA. The newspapers all like to hype up bad news, but it seems we are not being put off owning a dream home in the sun".

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