Property investors from Britain are still very willing to purchase a foreign residence, a new study has found.

According to Jet-to-Let magazine, the credit crunch is not putting people off the idea of investing in bricks and mortar, particularly in other countries.

Research by the publication found that respondents unanimously believe that buying a foreign property is a better option than putting money into stocks and shares.

In addition, results showed that most investors are not buying abroad in order to collect short-term gains.

For example, 98 per cent of those surveyed said they plan to use their overseas residence as part of their pension plan.

Dominic Farrell, editor of Jet-to-Let magazine, commented: “The results clearly show that educated investors understand the long-term nature of property investment.”

According to figures from Holiday-Rentals, 31 per cent of British-owned foreign properties in Europe are located in Spain.

Overseas property investors who are in search of a bargain have been encouraged to consider the Spanish market.

According to ShelterOffshore.com, the European country currently offers a number of opportunities for foreign buyers.

The website said this is partly because the housing market in Spain is currently undergoing a price correction.

As a result, buyers could potentially “call the shots” throughout the purchasing process, especially if they are paying with cash.

ShelterOffshore.com said: “Spain is a great market offering real opportunities right now.”

However, the website added that prospective buyers still need to take important issues into account when purchasing a residence.

For example, it stated that investors should consider the location and quality of their home, as well as current market conditions.

This comes after Kyero.com revealed that many people are holding off on making a purchase and waiting for prices to come down.

Real estate experts have claimed that with repossessions increasing, foreign property seekers were being presented with some excellent investment opportunities in Spain.

Reflecting on the effects of the ‘credit squeeze,’ real estate firm Propertyinspain.net claimed that repossessions were bringing a steady supply of properties back onto the market, providing bargain opportunities.

The company claimed that the growth of the Spanish economy and strong job creation in particular areas made buy-to-let purchases on re-sale properties a sound investment, with plenty of new workers in the area guaranteed to supply rental demand.

Terry Walker, spokesperson for propertyinspain.net, advised buy-to-let buying in Spain, claiming: “Some of the areas where they’re located are showing economic growth anyway. People are coming in with the new IT and logistics industries.”

Explaining the new availability of quality properties, Mr Walker added: “There are properties for about 30,000 euros but spend the same again and you’ve got a lovely family house in the middle of a village.”

He added that the Costa del Sol – already a highly desirable area for British buyers – was one of the areas presenting bargain buys after repossessions.

ITV1’s Bafta-nominated sitcom Benidorm is set to return to Britain’s TV screens for a third series.

Eight episodes of the show, which stars Johnny Vegas and Steve Pemberton, have been commissioned along with an hour-long special.

Peter Fincham, director of television at ITV, said he is “delighted” that the popular series will be coming back next year.

He commented: “Benidorm has a fantastic mix of warmth, charm, and fun.”

The sitcom, which was created by Derren Little, was recently credited with inspiring a surge of interest in holidays to the region.

According to LateRooms.com, the number of bookings for trips to Benidorm doubled throughout the duration of its second series earlier this year.

Kathy Gwinnett, spokesperson for the website, praised the resort for offering a number of different attractions for holidaymakers, including affordable hotels, good beaches and a very lively atmosphere.

Much of the TV series was filmed at the Hotel Sol Pelicanos-Ocas in Benidorm, while many scenes were also recorded at places such as Morgan’s Tavern.

Spain has been flagged up as a popular destination for retired expats by Propertyfinder.com.

According to the website, the European country has attracted thousands of foreign retirees during the last ten years.

This was partially attributed to the fact that it offers many lifestyle attractions to people from overseas, such as a warm climate and improved quality of life.

Propertyfinder.com added that financial considerations have also played a part, as retirees want to enjoy low living costs and make the most of their existing wealth.

Nicholas Leeming, director of the online portal, commented: “The average over-60-year-old homeowning couple has £265,000 of housing equity to unlock from their home.

“This kind of money can go a long way.”

He added that since house prices in Spain are currently falling, expats could possibly snap up a bargain property in the country.

According to the Institute of Public Policy Research, more than 3.3 million British pensioners are likely to be living abroad by 2050.

Spain has been named as the most popular holiday destination among Europeans by Mondial Assistance.

According to the organisation, 25.3 per cent of people flying within Europe for their summer breaks will visit the country.

Spain was found to be a particularly popular choice among British people, as 30 per cent of tourists from the UK are heading there for their holidays.

In addition, figures showed that it will attract more than one in three leisure travelers from Switzerland this summer.

However, the nation was also found to be especially popular with Spaniards, as 35.8 per cent of tourists from Spain are not planning to venture to foreign shores.

Instead, this group intends to remain within the country and enjoy attractions closer to home.

This comes after the Typically Spanish website cited official figures showing that more than 15 million people took a holiday in Spain between January and April 2008.

A British expatriate has spoken to the BBC about his move from the UK to Spain’s Costa Blanca region.

Eric and Viola Summers relocated to Torrevieja back in 1999 and believe their lives have improved considerably as a result.

Speaking to BBC News, Mr Summers said the Costa Blanca offers a much better quality of life, partly because it has excellent weather.

He added that the region also has many cultural attractions, such as concerts and shows, as well as good public services.

In particular, the local hospitals were described as “tremendous”.

Mr Summers also believes he is financially better off in Spain than in the UK, even though both countries have been affected by issues such as rising fuel prices.

He commented: “We’re still much better off than we would be in England.

“If we were living there we’d have to be on benefits.”

This comes after Saga Travel Money suggested that expats save money by purchasing locally-sourced goods rather than imported items from home.

People in England are increasing selling their homes and using the capital to buy abroad, it has been revealed.

The Emigration Group stated that falling house prices in the UK have directly contributed to the popularity of moving abroad in the last few months.

Speaking to the Cambridge News, company director Paul Arthur said this is because people want to make the most of the value of their home before it falls even further.

This trend was said to be highly apparent in southern and eastern England, for example counties such as Cambridgeshire and Essex.

Mr Arthur commented: “House prices have peaked and people with more equity realise they can get a different lifestyle abroad.”

According to the BuyAssociation website, Spain is currently one of the main hotspots among Britons who want a foreign property.

Property editor Paul Collins said this includes those who are looking to live abroad on a permanent basis.

Countries which attract holidaymakers all year round could be good places for overseas property investors to consider.

According to Holiday-Rentals, Spain is currently one of the most popular destinations among its clients.

This was said to be because the European country is consistently popular with tourists for 12 months of the year, which means it has strong rental potential.

Sarah Chambers, spokesperson for Holiday-Rentals, commented: “60 per cent of our clients own one or two foreign homes.

“They almost always rent them out for the whole year.”

Speaking to the Telegraph, she added that investors need to make clear that there are year-round attractions near their property when advertising it to potential tenants.

This comes after Holiday-Rentals revealed that 31 per cent of British-owned foreign properties in Europe are located in Spain.

The organisation said this is partially due to the number of cheap flights servicing areas such as the Costas.

Authorities in the Costa del Sol have outlined plans to integrate foreign nationals into the local community.

According to the Typically Spanish website, a new programme has been set up by Marbella Town Hall to improve community relations.

The resort in the Costa del Sol is currently a highly popular destination for expatriates from other countries.

However, local authorities believe that more could be done to bring them closer together with the existing population.

Tourism councillor Jose Luis Hernandez said the council is organising a series of summer activities designed to build relations between the various nationalities.

People from 136 different countries currently reside in Marbella on a permanent basis.

This comes after a study by the Andalucian Statistics Institute concluded that residents of Marbella are currently enjoying a very high quality of life.

Commenting on the study, Homes Worldwide said the findings are not very surprising, as its popularity with wealthy expats demonstrates its desirability.