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Gold, Silver & Bronze Destinations
14/08/2008
Despite the doubting Thomases, who believed that its property market was on its last legs, Spain finished top of the pile again when it came to where the British investor spent his money abroad in 2007, according to annual research conducted by the Association of International Property Professionals (AIPP).
Spain accounted for more than a quarter (25.4%) of properties purchased overseas in 2007 by British buyers. The figures reinforced the belief that property investors are keeping faith with the more established countries, as France (17%) was again second, with the USA (9.7%) taking the bronze medal.
Despite a well documented credit crunch crisis, the USA is up by 2.2% from 2006 to 9.7%, showing that even domestic problems need not affect the real estate demand from overseas purchasers.
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