Foreign buyers 'home in on Spain'

 

Expatriates are continuing to focus their hunt for a home overseas on Spain.

This is according to the latest analysis from Kyero.com, which confirmed that Alicante accounted for a large proportion of enquiries.

Indeed, 33.8 per cent of overseas interest in Spanish property was focused on Alicante during the first half of 2010, rising slightly to 34.8 per cent in the second half.

While buyers are likely to be excited about the big move, there are a number of things to consider when relocating abroad.

Expatriate health insurance is certainly one important factor to take into account because the Spanish health care system will differ to that of an expat's native country.

According to Kyero, there has been an increasing amount of interest in the lower end of the market.

The €50,000 to €150,000 price range accounted for 47.2 per cent of interest in the first half of the year and 45.7 per cent of interest in the second half.

Furthermore, properties priced under €50,000 saw an increase in enquiries, accounting for 15.1 per cent in the first six months and 17.4 per cent in the second.

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