Right Move Overseas (http://rightmoveoverseas.co.uk/) recently announced property search numbers for the first two quarters of 2008. UK buyers performed some 10,200,000 searches for overseas property. Searches for US properties were up 50% and averaged about 190,000 per month. Of the ten most popular destinations, Spain and France topped the list with a combination about about 1/3 of the total searches while the USA ranked third. Although searching is up across the board the number of physical inquires remained similar to the same period in 2007.
UK buyers are still showing a lot of interest in what is available but many seem to be waiting for their own properties to sell or for the exchange rate to become more favorable. Many are also waiting for markets to hit rock bottom which they believe hasn’t happened yet.
Following is the list of country rankings in terms of search popularity:
- France
- Spain
- USA
- Italy
- Portugal
- Bulgaria
- Cyprus
- UAE
- Greece
- Turkey
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