Monday, July 30, 2007
many investors are turning away from the Costas to countries like France and Turkey.
The influx of British tourists and holiday homeowners in Spain is now putting investors off Spanish property according to research conductred by GE Money Home Lending. The survey found that more than eight out of ten investors were discouraged from buying a Spanish property by the volume of Brits living there. The number of retirement homes and holiday properties along the Spanish coast has spurred nicknames like Costa Geriatrica and Little Britian.