Brits will 'still favour Spain and France' in 2010

The popularity of Spain and France has been forecast to continue to soar.

According to Property Frontiers, the easy accessibility of the holiday hotspots means that Brits will still favour the countries as ideal locations for a second home next year.

Christopher Chad, the company's head of research, explained that recession is unlikely to affect the ongoing trend.

"No matter what is happening in global property markets, nothing speaks to the British investor's heart as much as owning that second home in the sun. The continued accessibility of France and Spain mean the popularity of these destinations will only continue to grow," he said.

However, Mr Chad noted that exchange rate fluctuations were becoming increasingly influential on where Brits choose to holiday.

"As investors become ever more sophisticated and currency fluctuations more and more volatile, we are seeing a large number of investors looking for advice on currency plays," he added.

The comment was made after new research from Primelocation revealed that Spain finally overtook France as the most searched for foreign property destination in November.

Posted by Mike, 24 December 2009 14:18

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