France steals top spot for Brits buying abroad

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France has stolen Spain's crown as Britons' destination of choice for buying property abroad as investors look to developed markets, research suggests.

Overseas mortgage specialist Conti's latest "hot spots" report found investors are sticking to more proven locations, with France accounting for almost a third of enquires received by the company this year. The report also found Spain commands just over a fifth of enquiries, despite negative reports of an ailing property market, as investors shun the emerging markets. As France's property market is relatively stable, there is a strong appetite for lending to foreign investors, with low interest rates and lower property prices providing a buyers' market says Conti. Despite dropping ...

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