London flat worth the same as two Spanish villas
Tuesday April 29th , 2008
The average price of a flat in London is worth the same as two Spanish villas, according to new figures.
According to A Place in the Sun Live, a typical London apartment costs almost £304,000. This means Londoners may want to consider moving abroad top get more for their money.
For the same amount of money, a property could get two homes in Spain. For example, a three-bedroom, two-bathroom villa on the Costa Blanca, half way between the Alicante and Murcia, costs an average of £146,000.
Meanwhile, a one-bedroom apartment in Almeria, to the eats of Marbella and Malaga, can be bought for £163,000. As well as being near the beach, it is also in close proximity to local golf courses.
In addition, both properties feature a communal swimming pool.
According to Holiday-Rentals, almost a third of European properties owned by UK-based buyers are in located in Spain.
