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Web property searches for Turkey up 154 pct

Posted on 14 February 2011

Date: 01/04/2009
Web property searches for Turkey up 154 pct

British second-home buyers have dropped the United States as a preferred destination, according to the propertytalk Live! Web site.

This is evidenced by a 57 percent slump from 7.73 percent of overseas property searches in January and February 2008 to 3.33 percent in January and February 2009, according to statistics from PropertyIndex.com.

A surprise winner was Turkey, where searches increased by 154 percent in January to February 2009 compared with the same two months last year.

The average house price searched in Turkey jumped from 74,720 euros in January to February 2008 to 90,155 euros in 2009.

The average house price searched by Brits in the United States dropped from 895,170 euros in January to February 2008 to 503,473 euros in the same period this year.

The average house price of properties searched in January to February 2008 in Spain dropped from 489,987 euros to 334,020 euros in 2009.

Other losers include France, which dropped from 18.95 percent to 13.24 percent of property searches over the same period, while Greece dropped from 5.37 percent to 2.83 percent.

Hurriyet 31 March 2009 (Abridged)

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