Posted on 14 February 2011
Web searches for (Turkish) foreign property soar as buyers look overseas
British interest in overseas property shows no sign of diminishing, according to property website Primelocation.com.
In the past month, searches for foreign property have passed the million mark – up more than 13 per cent on the same period last year, new research shows. Despite eurozone woes, Spain remains the most popular country to buy property, with 300,000 searches in the past month.
Spain remains the most popular country for Brits to search for property
France was in second place, with 239,000 hits, and in third place came the US, with 154,000. The US has seen a huge surge in popularity, with search figures doubling over the past 12 months.
Interest is also growing in the less developed markets of Switzerland, which has seen a 25 per cent increase over the past year, and Turkey, up 31 per cent.
‘While exchange rates have not been favourable for some time, the fall in prices of many properties worldwide has compensated for this,’ says Ann Wright, from Primelocation.
‘Many UK investors see it as a great opportunity to take advantage of the price drops before the market starts to recover.’
24 March 2009 Mail Online (Daily Mail)