Property buyers drawn to lifestyle attractions
Posted 01 August 2008 at 16:44
Posted in News Clippings
Many overseas property buyers are choosing to buy homes in places which offer lifestyle attractions, according to a new study. Research by Holiday-Rentals revealed that leisure facilities are one of the main considerations for people when choosing their ideal location.
More than two-thirds of second home owners stated that this was a "key motivation" behind their purchase.
Holiday-Rentals said this helps to account for the continuing popularity of Spain, a country which is currently in the midst of a major downturn.
The group added that the appeal of the country among foreign holidaymakers means it still offers strong rental potential.
Greg Grant, managing director of Holiday-Rentals, commented: "We expect to see continued growth in the holiday home rentals market, both in terms of supply and demand."
According to figures from the organisation, 31 per cent of British-owned residences in Europe are located in Spain.
- Ask the expert? (2)
- Currency Exchange (7)
- Current Affairs (4)
- Fantastic Property Deals (1)
- Golf Course Properties (1)
- News Clippings (2)
- News From Around The Globe (1)
- Press Releases (0)
- Property Finance (1)
- Property hot spots (4)
- October 2009 (1)
- September 2009 (1)
- July 2009 (1)
- June 2009 (1)
- March 2009 (1)
- January 2009 (2)
- December 2008 (1)
- November 2008 (1)
- October 2008 (5)
- August 2008 (8)
- July 2008 (1)
Russians to boost Cypriot property market?
Posted 31 July 2008 at 16:48
In the past decade, Cyprus has signed several double taxation treaties with countries in its sphere of influence in an effort to make the country an attractive place to set up off-shore enterprises and to buy property in.
