HiFX: Brits look to France and Spain for second home

Britons looking for a homeowner loan in order to purchase a property abroad are tending to buy in close-home locations such as France and Spain.

According to currency specialists HiFX, November saw 55 per cent of the company’s property purchase transactions for homes in the two countries.

And the number of homeowners looking for another property in areas such as Bulgaria or Turkey declined, while Dubai and Cyprus saw their popularity stay flat.

“Old-time favourites France and Spain are still the first choice for British buyers looking for a holiday home or retirement home,” commented Mark Bodega, marketing director at HiFX.

In addition, property enquiries for homes in the US have fallen, the firm states, even though recent months have provided potential homebuyers with favourable exchange rates.

HiFX, established in 1998, provides foreign exchange and currency deposit services for over 50,000 customers.

© Adfero Ltd

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