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More people are moving abroad to Spain

There are a number of reasons for people to move abroad to become an expatriate in Spain next year, according to Nubricks.

Spanish property has been a firm favourite of Brits for a long time and property builder Casas de Lorca told the property blog that there is still potential in the market.

Mike Hamitlon, sales and marketing director at the group, said: "Despite current difficulties, I believe the various underlying factors leave cause for optimism, chief among them the Brit’s enduring love of Spain."

He added that he predicted strong growth in villa sales and that the cutting of interest rates in the UK will lead people back to Spain.

"It will take time for the property market to begin to recover but with low interest rates and uncertainty in the stock market it is difficult to see where else people would look to invest."

According to the latest HiFX Monthly Global Property Hotspots Report, traditional emigration destinations such as Australia and New Zealand are experiencing a seasonal upturn.

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