Survey reveals aspects of Spanish property demographic
It is a well-known fact that the Spanish property market is a popular option with people considering buying a home abroad, but a new survey has been published identifying the details behind the demographic showing an interest in the sector and the reasons it has proved so alluring to Brits.
According to the study by Kyero.com, the average person looking to buy property in Spain is male, aged between 41 and 60 years old.
Many people are interested in joining the 200,000 Brits already living in Spain and making a permanent relocation, Overseas Property Professional reports.
Some 26 per cent of people consider the Spanish property market as ideal owing to the country's warm climate, sociable atmosphere and low taxes.
"Even with a wider choice than ever of countries in which to purchase it seems that once people decide on Spain they rarely look elsewhere," the website explained in its study.
Some 73 per cent of people are looking for resale properties in Spain, with 32 per cent looking at new build homes, according to Kyero.com. Studio apartments are the most popular option for buyers, followed by two or three-bedroom villas.
Location is one of the most important factors for buyers, with 97 per cent of people saying they consider it a priority. Alicante, Granada and Malaga were the most popular regions.
According to the website, British people invested £12 billion in Spanish real estate in 2004-05 and this figure is set to reach £21 billion by 2009.
Nearly 200,000 Brits took the decision to move overseas in 2004, according to a new report from the Institute for Public Policy Research (IPPR).
The emigration of 198,000 British nationals brings the overall total of overseas Brits to more than 5.5 million, meaning nearly one in ten Brits now reside on foreign shores.
The second most popular destination to move to was Spain, which is home to 760,000 British people, following in the footsteps of Australia which has welcomed 1.3 million.
Danny Sriskandarajah, associate director of IPPR, commented: "Brits are looking for a better job, a better quality of life or a sunny retirement."
Spain's popularity comes despite the language barrier being one of the main reasons people choose not to emigrate.
Despite the fact that just one in four Britons living on the Costa del Sol speak the local lingo, the tendency for Brits to stick together in Spain helps make the move abroad easier.
About the Author: Anthony writes for SpanishVenture, a Spanish property portal with both news and properties for sale.