ToniRio
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ToniRio - Where the Sun keeps shining!
Spain is still the first choice for Britons buying holiday homes abroad. A survey by estate agent Savills, in association with http://www.Holiday-rentals.co.uk predicts that during 2008 UK owners will spend a further £5.2bn on holiday homes abroad.
Savills Research says buyers still like it as "the ideal holiday location" with the one factor still driving demand being lower prices abroad.
This is one of the key reasons why UK investment in Spain is so strong amongst older home owners the report says - Retirement was the major motivation for acquiring overseas property These owners tend not to require mortgage finance, and there motivation for renting out their property is to contribute towards the cost of maintenance and to avoid it standing empty.
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