Thursday, January 21, 2010

Sunny Spain Remains Top Choice for UK Investors

Image of Frozen UK in January 2010 - Barcelona Real Estate Blog For many people, the dream of a place in the sun is often just that - a dream, although for the fortunate few who are able to realise that dream, it seems the Spain maintains itself as top of the list in a recent survey, especially for those living in thr UK.

Given the terrible weather experienced this year so far in the whole of the UK, it's no surprise that many people are looking for a second home in warmer climates. According to the survey, the Spanish lifestyle beat near rivals France, Portugal, Turkey and Bulgaria as preferred destination for investors looking for their home away from home. The study cites the possibility of tumbling real estate prices as a possible reason for the ranking as number one, in comparison to its sunny neighbouring countries.

This is perhaps an interesting find - while it's true that in the past the peseta and even the introduction of the Euro, made Spain a relatively cheap destination for other european countries with stronger currencies such as Germany and the UK, the current exchange rate of the GBPound against the Euro is almost equal.

Sunny Villa in Spain - Barcelona Real Estate Blog

Within Spain, it's likely that the favoured destinations will be the Spanish "costas" and the islands in the Mediterranean, assuming you can afford the prices. However, it's important to remember that Barcelona was also voted 5th best city in the world in 2009. There are many great real estate opportunities in Barcelona, and the best way to discover the gems is to contact a Barcelona Real Estate Agency such as Modus Vivendi. With over 5 years experience in Barcelona and the surrounding area, they also offer some secure and transparent guidelines to buying a property in Spain so rest assured you'll be in good hands.

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