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 Rural Spanish Properties Gaining in Popularity

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Posts : 496
Join date : 2010-05-28
Age : 65
Location : Alcudia

PostSubject: Rural Spanish Properties Gaining in Popularity   Thu Dec 16, 2010 8:06 am

House hunters are shunning Provence and Tuscany in favour of the more affordable Spanish countryside.

The British are such romantics when it comes to second homes. Given the choice between a lock-up-and-leave apartment on the coast and a ruined farmhouse in the middle of nowhere, we’ll take the farmhouse every time. This is according to research carried out by Savills, which shows the demand for overseas restoration projects has risen by 15 per cent since last year.

Traditionally, France and Italy have been the sought-after destinations for renovations, but according to Charles Weston Baker, head of Savills’s international department, the focus is turning to rural Spain, where farmhouses (caseríos, cortijos, masias or fincas) can cost three times less than the equivalent in Provence or Tuscany.

Prices start at under £100,000 for a three-bedroom farmhouse in Spain, so it’s easy to see why the market is proving so attractive to British investors.

www.kyero.com

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