Spain tops second home poll

Spain is the most popular place for the British to buy a second home abroad, with its combination of near year-round sun and easy access from the UK.

The Worldwide Property Group said more than a third of people believe that now is a good time to invest in property in Spain following years of housing market uncertainty in the country.

The pound has gained in value on the euro recently making homes in Spain and other European countries more affordable. However there are concerns over Spain’s massive public debt and a further potential downgrading to its credit rating by Moody’s Investors Service.

The Spanish government has denied it will be forced to follow Greece and Ireland and accept a multibillion-pound bailout from the European Union and International Monetary Fund, but any deterioration could see house prices fall further.