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Two previously unheralded
destinations have risen into the top ten most popular places to buy an overseas
property for the first time. The
latest survey from the Move Channel has also found that the USA is now the
second most popular foreign destination for people looking to buy overseas
property.
US now second most popular place for people looking to buy property
overseas
The Top of the Props survey looks
at the number of enquiries for property in different nations and Octoberââ¬â¢s
figures showed that Spain once again remains the most popular choice. However, enquiries for property in the
USA rose by 1.06 per cent, enough for it to overtake France into second place.
Director Dan Johnson said:
“French real estate has been seen as a safe investment zone in Europe for
some time, so America snatching second place is a great achievement. The US
market is currently full of foreclosures and repossessed property, with the
affordable prices tempting buyers away from the French ski slopes and into the
States.ââ¬Â
Portugal and Italy make up the
top five with Turkey in sixth place attracting just over 4 per cent of all
enquiries.
Cyprus and Thailand leap into top ten
The October figures also saw two
brand new entrants to the top ten as both Cyprus and Thailand made their debut
in the top ten most popular places where online buyers are searching for
property.
Prices of property in Cyprus fell
for the sixth consecutive quarter in October whilst improved title deeds
legislation has given more confidence to people looking to buy in the country.
Mr Johnson continued: ââ¬ÅThe
flooding may see Thailand’s popularity decrease next month, but Cyprus’ low
prices leave a lot of room for investment as buyers look for familiar markets
amid ongoing economic uncertainty.ââ¬Â
