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French and Spanish property expected to grow in popularity in 2010

Tue 5th Jan 2010

France and Spain will see further rises in popularity among overseas property investors during 2010, it has been predicted.

According to Christopher Chadd the head of research at overseas investment firm Property Frontiers "No matter what is happening in global property markets, nothing speaks to the British investor's heart as much as owning that second home in the sun." He considers that it is mainly the "accessibility" of France and Spain that will help these countries to grow in popularity.

Mr Chadd added that when it comes to investing overseas, changes in exchange rates are having a significant impact on the decisions being made by those looking at purchasing abroad, and this was leading to many investors seeking advice from the company on currency trends, he noted.

This statement follows recent news from investor portal Primelocation.com, showing that Spain is now the number one destination for online searches - pushing France into second place after being top of the list for the previous 12 months.

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