LauraThe latest Quarterly Index figures from the OverseasGuidesCompany.com, publishers of SpainBuyingGuide.com, show a record breaking 16,821 enquiries for their individual country buying guides throughout the summer of 2015 – the highest total since the Quarterly Index began and a healthy 53 percent growth on the figures last year.

 

August was, perhaps unsurprisingly, the busiest month for would-be property buyer enquiries, with 6,917 enquiries received, marking the busiest month in the third quarter and for the whole year. Spain and France, always the most popular destinations with UK property buyers and expats, made up two thirds of enquiries received, measured in downloads of the individual country buying guides. Spain was also one of four of the top five destinations to record solid rises compared to both the previous quarter and the same quarter in 2014, also including France, Portugal and Italy.

Spain retained its position as the number one destination for British buyers, attracting its highest ever share of enquiries. The 5,377 Spain Buying Guide downloads during Q3 2015 are a whopping 98 percent increase on last year, growing the country’s share of enquiries to 37 percent, compared to 25 percent last year.

“Spain has been crowned the UK’s number one destination for buying an overseas home again this year, attracting a record 29.2 million tourists in the first half of 2015; we expect this trend to continue for the second half of the year and to continue to fuel interest in investing in property in this ever-popular country,” observes Elaine Ferguson, Head of the Resource Centre at OverseasGuidesCompany.com and SpainBuyingGuide.com.

“We have seen a growing trend of visitors spending their summer holidays here and falling in love with the place – realising how far their money goes with the current exchange rate and being inspired to actually buy property,” acknowledges Elaine.

“The continued weakness of the euro throughout this year has increased the buying power for British homebuyers in Spain. We’ve seen a massive surge in interest in European property this summer, with record enquiry figures reported throughout July, August and September,”

“Record low European Central Bank interest rates and improved access to euro mortgages are also attracting more UK buyers to Spain and the islands, where property markets are now stabilising and starting to grow, albeit slowly.

“Additionally, the pension reforms that came into force earlier this year may also have been a driving factor for those reaching or approaching pension age in making the leap to buy their dream place in the sun, planning to use cash they have been able to free up from their pension.

The significant surge in interest in buying overseas property this summer is in stark contrast to the unseasonal lull in enquiries in summer 2014, when economic uncertainty around the Scottish Referendum and a weakened sterling caused many would-be British buyers to put their plans on hold.

OBG-SpainWritten for Fuertenews.com by Laura Richards, country specialist at SpainBuyingGuide.com For more information about emigrating to, buying property in, or life as an expat in Spain, click here or call +44 207 898 0549.

SmartIf you want to hear more about how Smart Currency Exchange can help you get the most from your money when making transfers to Fuerteventura, you can give them a call Freephone on +44 808 163 0102 or register online at smartapplyonline.com

Fuertenews is a free publication bringing you news and views about Fuerteventura. Any donations would be welcome.