Spanish property buyers drawn to lifestyle attractions

August 19, 2008

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 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.

For an extensive choice of new and off plan property for sale in Spain on the Costa Blanca and Costa Calida, visit the Novocasa website.