Insurance News Archive
France and Spain 'will retain popularity with property insurance holders'
Posted by Jonathan Walker
France and Spain will continue to attract landlord property insurance policyholders in the UK, according to an expert.
Christopher Chadd, head of research at Property Frontiers, predicted that these destinations would continue to grow in popularity with landlord buildings insurance policyholders, despite the countries being hit by the recession.
"No matter what is happening in global property markets, nothing speaks to the British investor's heart as much as owning that second home in the sun," he commented.
Mr Chadd added that landlord property insurance policyholders are increasingly considering fluctuations in currency exchange rates when looking to buy.
He said that his company has seen investors looking for advice on currency plays as fluctuations become more volatile.
His comments follow research from Primelocation, which showed that searches for international property were up by 100 per cent last month compared to November 2008.
The figures showed that Spain was the most searched-for destination, following 12 months of domination by France.
30 Dec 2009
