Spain is attractive once again for British property buyers

Madrid.—A buoyant housing market and stronger pound in Britain, combined with stagnant prices and cheap mortgages in the Eurozone, have fuelled a resurgence in Britons buying overseas property in 2014, said OverseasGuidesCompany.com in December. “Spain has unsurprisingly taken the lead, nudging France into second place,” said Angelos Koutsoudes, Head of OverseasGuidesCompany.com.  “With a jam-packed Autumn Statement last week and considerable economic developments throughout 2014, thoughts now turn to next year – the pension reforms could channel more money towards property purchases, both in the UK and abroad, but the uncertainty that precedes a general election could hold market activity back a bit until after May. We’ll have to wait and see what direction the markets take as a result.”