Viva la vie: France tops the property hot spot ladder

By | Category: Travel news

The ongoing Eurozone crisis is doing little to deter ambitious home buyers, with many still keen to pick up a property bargain abroad, reveals the latest findings from the HiFX Property Hotspots Report, which reveals the top destinations for property ownership abroad as voted by UK adults.

France and Spain
France still tops the list despite recent property tax hikes, with nearly a quarter (23 per cent) of potential buyers looking to own a property across the Channel.

Nearby Spain is still second place with two in 10 potential buyers (19 per cent) hoping to purchase a property there. However, the allure of ‘Viva la Espana’ falls down the rankings for experienced property owners, with just nine per cent saying they would buy there if they were considering purchasing another property.

The HiFX Property Hotspots report further revealed that 35 per cent of UK adults surveyed said they are looking to buy a property abroad within the next one to two years, whilst 30 per cent are even looking to purchase abroad within the next six months. Nearly three in 10 (28 per cent) say they will spend between £50,000 – £100,000 on their property, with 16 per cent saying they plan to spend between £100,000 – £150,000.  Savvy Brits will largely be funding their property purchase through savings, with 43 per cent stating this was how they planned to buy abroad, whilst almost a quarter (24 per cent) said they plan to sell their UK home to buy abroad.

Feeling hot, hot, hot
The HiFX Property Hotspots Report also revealed that lifestyle and culture are the most appealing aspects for 59 per cent of UK adults when it comes to considering buying a place abroad, closely followed by the allure of foreign weather (51 per cent). Whilst having a better standard of living and the belief that it is cheaper to own a property abroad than in the UK, are the key reasons for 24 per cent of UK adults surveyed.

 

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