France and Spain remain property hotspots
According to overseas mortgage specialists Conti, France is still the premier choice for prospective buyers, accounting for 42% of enquiries it has received this year, followed by Spain at 36%.
That gap has started to narrow, with France coming down 2% on this time last year and Spain rising 3%. Spain accounted for more enquiries than France in May, June and July.
There has been a resurgence of interest in property in Turkey, which has moved into third place with 10% of enquiries, up from 6% last year.
Overall, overseas mortgage enquiry numbers surged by 62% during August.
Clare Nessling, director at Conti, said:
“Traditionally, our enquiry levels tend rise around now, as people return home from trips abroad with dreams of owning their own place in the sun. But the uplift is even higher this year, perhaps the result of the UK’s hottest, driest and sunniest summer in the UK since 2006 inspiring even more people to invest in an overseas bolthole which they can escape to during the cold winter months.”