Expatriate Healthcare News: Spain 'offers abundance of cheap properties' -
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Expatriate Healthcare News: Spain 'offers abundance of cheap properties'

Expatriate medical insurance policyholders are likely to be able to find cheap property in Spain as the number of repossessed homes in the country continues to grow.

"In Spain you have got an abundance of repossessed properties that the banks are now forced to get rid of," explained Les Calvert, director at Property-Abroad.com.

"Interest in Spain will continue to dominate the searches and will push the likes of America out of the road because of the repossessed properties."

He noted that interest in France has risen slightly over the last year, but it has not overtaken demand for property in Spain.

Mr Calvert's comments come after Primelocation International revealed searches for property in Spain are 20 per cent higher than those for French expatriate homes.

Searches for overseas homes in the former Mediterranean country have increased by 43 per cent in the past 12 months, while searches for the latter have risen by just one per cent.

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