However, it would appear that this isn't deterring Brits from investing in Spain.

Data revealed in the latest issue of the free-to-download World of Property interactive magazine (I-mag), released today, shows that Spain continues to be the number one overseas property choice for British buyers.

Enquiries taken from the www.worldofproperty.co.uk website between 20th August and 20th October show that 17 per cent of Brits are looking to Spain for their property overseas - 3 per cent more than those who had enquired about the country according to the previous edition of the I-mag.

However, even before the 'Obama effect' kicks in, the United States has overtaken France as the second most enquired about overseas property destination for Brits, with 13 per cent of enquiries made through the website asking about the States, compared to 10 per cent about France (which is third).

Other overseas property destinations to have gained more enquiries over the past couple months are Dubai, Bulgaria and Portugal, while the North African nation of Morocco also breaks into our top ten destinations for the first time.

If you are one of the 17 per cent looking for an overseas property in Spain, it may be well worth taking a look at the five to view feature in this month's I-mag, which showcases five homes currently up for sale in different areas of Spain.

However, if Spain is not your idea of a perfect destination for an overseas property, you will also find information in the I-mag about France, Cyprus, Bulgaria, UAE, Egypt, Turkey and numerous other countries.

To browse the second issue of this bi-monthly publication, click here. 

Search for property overseas

Article first published 12 November 2008