06.11.10
United Kingdom property portal searches double
The number of British property buyers searching online for foreign real estate has doubled in the last year, according to the portal Primelocation International.
Enquiries on the site were 95% higher in March 2010 than a year earlier, with the top three locations of Spain, France and the US recording increases of 108%, 153% and 105% respectively.
Searches also increased on a monthly basis for most countries, with Bulgaria’s 11% decline the only fall out of the top ten most popular destinations.
Switzerland, which saw an annual increase in searches of 74%, re-entered the top ten for the first time since January, while Australia dropped out of the chart.
“Pent up demand now appears to be on the brink of converting into sales,”
“Several signs are now indicating that the economy may have escaped a double dip and be stabilising in earnest and potential buyers are picking up this optimism.”