CRIME ON THE COSTAS
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BREAKING NEWS

Tuesday, 13 April 2010

Britons return to sun, sea, sand and Spain - Times Online


13:07 |

Britons return to sun, sea, sand and Spain - Times Online: "They became a symbol of the global housing market crash, unsold, half-built, lining the Mediterranean like skeletal relics of a bygone, more prosperous age.
But villas and apartments on the Spanish Costas are suddenly hot property again as Britain’s second-home buyers rediscover the attractions of life in southern Spain.
Fresh from a chilly, dismal winter, drawn by falling prices and apparently undaunted by the low sterling-euro exchange rate, a new generation of would-be buyers has descended on Spain, according to the Spanish division of Taylor Wimpey.
Typical holiday home buyers are no longer “stereotype retirees”, the UK’s biggest housebuilder said. Instead, executives with families who spend an average of 60 days a year in Spain have emerged as the dominant British buyers in a region that enjoyed huge popularity during the credit-fuelled boom years."


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