Tenerife is still the “most popular destination” for foreign buyers

Its official – Spain – and Tenerife in particular – is the favourite destination for the British when it comes to a move abroad and investing in overseas property.  The Director of the online investment portal Property Abroad believes that the country´s strength as a tourism destination means it will remain the ideal location for foreign purchasers.

 He went on to add that “In the current economic climate, most people are buying–to-hold for the economic recovery and I would recommend buying a property in Spain, more so now than I would have a year ago”.  Specifically he identified Tenerife as a Spanish region where prices have continued to increase, despite the global economic climate, thus making the logical choice for a profitable investment in real estate.