Taking out
annual multi trip insurance can make the cost of regular trips overseas less expensive, good news for those wishing to purchase property in another country.
Paul Bradley, a spokesperson for the Spanish Property Owners Guild, said that wealthy investors are now looking to take advantage of lower prices on properties abroad and, as a result, it is likely that demand for these buildings will increase over time.
He commented: "I forecast that demand for these [properties] will slowly increase as the market comes back in the UK, with prices for this sector only moving when more than one buyer shows an interest in the same property."
According to figures from Primelocation.com, searches for property in Spain increased by 27 per cent in the last year.
The country was the most in demand, with 30.53 per cent of all enquiries on the site, followed by France (27.01 per cent) and the US (14.34 per cent).
Anyone taking regular trips overseas to check on their property might want to take out annual multi trip insurance with
InsureandGo.
