Interest increases on Overseas properties

Overseas property interest increases? 
A growing number of people are showing interest in the overseas property, the latest figures show.

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According to the property agent, Rightmove, 51.45% of locations saw an increase in March.

The report also highlighted that interest in Australian properties has also risen. Spain, however, dominates the report making up 22% of all searches of overseas property.

“Despite nervousness around the Spanish economy in recent weeks, property buyers are undeterred, with Fuerteventura, Valencia, Benalmádena, and Torrevieja all increasing in searches by over 20% respectively,” commented Shameem Golamy, Head of Rightmove Overseas.

There is also more interest emerging over Turkish properties as it has climbed two places in the Rightmove Overseas table.

However, Switzerland has fallen to 20th place. The report found that four of the top 10 regions with the largest fall in demand were in Italy, with overall searches falling by 12% in the country.

Mr. Golamy continued: “Following new year’s surge of interest in the overseas property, strong demand continues with 2.8 million searches performed on site for the second month in a row. Long haul destinations like Australia and India remain at the forefront of buyer’s minds. India, now a regular in the top 20 is popular with non-resident Indians (NRI’s) wanting to move or invest back home.”

The Eurozone proves to still be a popular venture for foreign investors as regions in Spain, France, Germany, and Greece are among the top 10 climbers.

Transferring money to the Eurozone

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