Dubai moves up Brits' homes abroad list

POPULAR CHOICE: Dubai is gaining in popularity with Brits looking to buy homes abroad, according to a new report. (Getty Images)

Dubai is moving up the list of most popular destinations for Brits buying property abroad, according to a new overseas property ‘hot spots’ report.

Spain is still tops with France coming a close second, but the gap is narrowing and new markets like Dubai and Cape Verde are stealing a march on their hot spot rivals, the study by Conti Financial Services, released on Thursday, revealed.

The report, based on analysis of inquiries received by Conti so far this year, shows that although Spain and France together account for one in three (29 percent), interest in both countries has declined slightly since last year.

Dubai, on the other hand, is creeping up the table, moving from ninth to seventh place, with a one percent increase in inquiries.

Simon Conn, sales and marketing director at Conti Financial Services, said: “Spain and France are still leading the pack, albeit with a narrowing margin, and it’s not difficult to see why.

“Low interest rates and the introduction of new property ownership laws are enabling the property market in Dubai to thrive and this is reflected in the levels of interest it’s experiencing.”

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