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Spain still number one destination for buying abroad |
| Published: Wednesday, 23 January, 2008 by Lyndsey Andrew
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According to a survey published january 17th 2008 it’s the traditional sun-seeker’s favourite Spain that takes the number one spot for the second year running.
Despite a raft of emerging markets and USA property prices down 30% on a year ago and a dollar weakened by 25%, Spain still holds its place as top of the preferred destination list for buying abroad.
The poll, conducted at the recent A Place in the Sun Live exhibition at the NEC Birmingham, the world’s largest overseas property event of its type, also saw France with its enviable lifestyle maintaining its 2006 second place and Turkey climbing into third position.
Other key trends highlighted include the USA’s leaping six places into fourth position as UK investors take advantage of a buyer’s market and two dollars to the pound, Italy moves up three spots into the top five (as Calabria becomes ever more prominent) and the meteoric rise of Canada – the biggest climber – up seven places to number nine.
Seven of the top ten destinations are European, with Cyprus (6) and Greece (7) performing consistently on the wish lists of UK residents looking for a home abroad, but Egypt is up three places and bubbling under (at 11) and threatening to break through alongside its North African counterpart Cape Verde (10).
Another interesting mover is Australia, which jumps from 20 to 15 as more UK residents than ever make a permanent move overseas (389,000 last year according to the Office of National Statistics) – as witnessed by the success of The Emigration Show at A Place in the Sun Live.
Says Richard Way, Editor of A Place in the Sun magazine: "When looking for a second home or a new life in the sun it seems that Spain’s mix of great weather, rich culture and beautiful coastline is keeping the country at the number one spot.”
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