Spain 'remains popular for foreign mortgages'

18:04 El NACHO 0 Comments

Spain 'remains popular for foreign mortgages' - Corporate FX News: "Britons continue to be attracted by the idea of taking out a foreign mortgage for a property in Spain, an expert believes.
Following the revelation by Spain's National Statistics Institute that there was a drop of 0.4 per cent in the number of property transactions in 2010 compared to 2009, Robin Wilson, head of overseas at Rightmove, said Britons remain interested in buying a property in Spain.
He noted that the country accounts for a fifth of all searches on Rightmove Overseas.
'Whilst there are opportunities or pain - depending if you are a buyer or vendor - in those areas of Spain with oversupply, we're still seeing healthy traffic and interest for quality properties,' he said.
Mr Wilson added that areas away from resort-style offerings are becoming more attractive to potential consumers, with smaller towns and inland locations growing in popularity."

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