Despite recent reports of a potential Spanish property market crash and figures marking an overall slow down in some areas of the country particularly the Costas, the latest HiFX Monthly Global Property Hotspots Report shows that Spain still remains the top destination for Brits buying overseas property with 27% of all enquiries relating to Brits buying in Spain.
According to HiFX, while some areas of the Spanish Costas are certainly cooling and seeing market corrections due to over supply, at the same time, less traditional inland regions are becoming more popular with savvy buyers.
Mark Bodega, at HiFX says: “The oversupply in some Spanish markets can lead to real bargains as property sticks and investors look to extract themselves".
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