Young 'flocking to Spain'
A growing number of young investors see Spain as a viable destination in which to invest in foreign property, according to new findings from Banco Halifax Hispania.
Additionally, the country was voted the most popular overseas destination for all participants in the survey, reports Homes Worldwide.
In total, 68 per cent of those who want to live in the country were under the age of 55. By comparison, 14 per cent were over 65.
Of the five per cent of people who have already invested in overseas property, 50 per cent were under 35, the body added.
Head of European operations at Halifax Ian Smith said that the myth of older people buying property abroad can now be truly debunked.
'It has long been assumed that only the older generation is buying property in Spain, but this is far from the case, as it is also proving to be a popular location amongst younger age groups," he told the publication.
The findings follow a report from the Bank of Scotland that suggested Spain and France are the most popular destinations for those looking to move abroad.
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