Spain is top again for property sales

LATEST FIGURES: Property sales in Spain increased by 8.7 per cent in September.

Spain is back in the top spot for the preferred location when buying overseas property. With sterling hitting seven year highs against the euro, it has never been a better time to invest abroad.

Tens of thousands of pounds are being lopped off property prices in the euro-zone, due to the currency market, and reports indicate a €200,000 property is around €17,000 cheaper than it was 18 months ago. 

According to the latest figures from the General Council of Notaries, sales in Spain increased in September by 8.7 per cent, house prices rose by 1.7 per cent and the number of new mortgage loans granted grew by 17.4 per cent.

Data from property registrars show that there has been an increase in foreign buyers, and Britons accounted for 23 per cent of sales.

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