Rising British house prices is good news for Spanish property market
Rising English property prices drive young buyers to Spain
By Caitlin Quinn
AS house prices in England and Wales hit all-time record highs, experts predict home ownership in Britain to continue to fall throughout the next decade.
Housing prices down in Spain
By 2025, the average UK home may cost more than €500,000 and half of Brits under 40 years old are expected to rent rather than own their homes.
This is good news for the Spanish housing market, as many young Brits are drawn to cheap Spanish properties, choosing home ownership abroad over a rental home in the UK.