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Spain regains pole position in most popular location for second home

Thu 24th Dec 2009

Property markets in France and Spain will grow in the months ahead, supported by the continued interest from expats and second-home buyers, according to Property Frontiers.

Christopher Chadd, the company's head of research, said the ease of travelling to and from both countries makes them ideal for those buying a holiday home.

However, he added that expats and other property investors will need to research foreign exchange fluctuations carefully in order to make the most of their money.

"As investors become ever more sophisticated and currency fluctuations more and more volatile, we are seeing a large number of investors looking for advice on currency play," Mr Chadd said.

His comments followed research from Primelocation earlier this month which revealed that Spain overtook France as the most popular property market in November, ending the latter's year-long reign as the most searched-for market on the site.

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