Brits lead charge as homes in Spain attract buyers again

Madrid

LONDONER Barry Leverington says that he figures his money is better off in a Spanish home than earning next to nothing in a British savings account.

The 33-year-old bank employee is searching for a property at the Mazarron Country Club in the southern region of Murcia, where two-bedroom bungalows in gated communities near the Mediterranean can sell for as little as 75,000 euros (S$114,500). He said that he wants to close a deal by this summer.

"Anyone with a little equity behind them can buy almost mortgage-free, and in Spain there is potential for prices to rise," Mr Leverington said in a telephone interview from the UK capital. "I built up some savings here and, with current interes…