Top 10 most Popular Overseas Property Destinations in September

The latest edition of Property Abroad’s monthly top of the props has shown what a lot of industry data has shown in recent months; that buyers are increasingly favouring established markets. In September there was increases in popularity for Spain, Portugal, Greece and Germany.

Firstly, America continues to hold 1st place. Spain regained the second position it lost to France in August, France slipped back one into the 3rd place Spain held in August.

Turkey lost 4th place to Greece, which rose 1 place from being 5th most popular in August. Turkey slipped back to sixth place, with Portugal cheekily snatching 5th having held 7th last month.

Italy slipped back one place from 6th in August to 7th in September, possibly on reports that Italian property prices still have some room to fall.

Germany entered the chart in 8th place. This is most likely because Germany represents the pinnacle of a safe, stable established market. German property values have held throughout the crunch. This also reflects investors move toward buying based on rental income rather than capital growth.

Unfortunately for Cyprus, Germany’s entry into the chart knocked it back one place into 9th position. Egypt, also a new entry into the chart took 10th place. Australia, a new entry in 9th position last month was knocked back out again.

The top 10 most popular countries with those searching for overseas property on the Property Abroad.com portal in September were:

America
Spain
France
Greece
Portugal
Turkey
Italy
Germany
Cyprus
Egypt

And last month:

America
France
Spain
Turkey
Greece
Italy
Portugal
Cyprus
Australia
Germany

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Top 10 most popular overseas property destinations in July

America has taken top spot for the second month running in the Property Abroad.com top 10 most popular destinations with those searching for overseas property on the site.

Spain has now been relegated into second position for 2 months running; holding 2nd place again in July.

In fact the chart is the same as last month's until you get to position 5, with Greece and France holding the same 3rd and 4th place respectively in July as they did in June.

The first change is that Portugal and Turkey have switched places, with Portugal climbing 3 places to steal 5th place from Turkey in July, while Turkey has fallen back 3 places to take the 8th position held last month by Portugal. Portal director Les Calvert said of the change:

"This is undoubtedly because the British Pound has continued to strengthen against the Euro, whilst the Turkish Lira has been regaining some ground against Sterling. This confirms our suspicions last month that the weak Lira was behind Turkey's popularity."

Italy and Greece were 6th and 7th most popular in July, the same positions they held in June, and finally India and Bulgaria have swapped places; with India being 9th most popular in July, and Bulgaria 10th most popular.

The full results of the top 10 are as follows:

America
Spain
Greece
France
Portugal
Italy
Cyprus
Turkey
India
Bulgaria

And last month:

America
Spain
France
Greece
Turkey
Italy
Cyprus
Portugal
Bulgaria
India

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French property prices drop two per cent

The cost of buying property in France has only fallen by about two per cent, according to recent figures.

Data released by Century 21, the country's largest network of estate agents, revealed that over the 20,500 transactions in the last six months, there was only an average decline in prices of 2.12 per cent compared to the same period the year before.

While the number of transactions in the second half of 2008 fell by more than one-quarter, during the first six months of 2009, the number of purchases rose by 23 per cent, reports French Property News.

Laurent Vimont, president of Century 21, attributed the renewed activity in the sector to the low interest rates available in the country, claiming they had "breathed new life into the market".

The findings are consistent with the trends identified by the Federation Nationale de l'Immoblilier (FNAIM), which said prices in the country are remaining relatively steady despite the economic downturn.

This could be encouraging news for those considering buying property in France in the near future as their purchases are unlikely to depreciate significantly in value.

According to the FNAIM, there is likely to be a "soft landing" rather than a massive crash in the French property market.

Homes Overseas recently claimed that the resilience of France's residential property market is due to the long-term lending policies in the country.

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Places to visit in Lyon

Visitors to the Rhone Alpes region will find plenty to do in Lyon, the second largest metropolitan area in France after the capital.

The old town is a United Nations Educational, Scientific and Cultural Organisation World Heritage site and features magical courtyards and alleyways as well as stunning monuments.

Those who buy property in the city will be able to explore the numerous restaurants in the town, of which there are more than 1,500, according to France Guide.

Architecturally, the city is beautiful with some fantastic old buildings throughout - about 300 of which are illuminated each night.

Those who visit the city should make sure they do not miss out on a trip to the Maison de la Danse, where the finest choreographic arts are on display.

Some 400 dance companies - ranging from modern to classical - have performed at the venue over the last 15 years, according to 10best.com.

While checking out the cultural richness of the town, those who own property in Lyon might wish to visit the National Opera House of Lyon, which seats 1,200 people.

Those who need greenery and plantlife will not be short of places to visit in the city.

The Jardin des Plantes is a popular destination for horticulturalists, with its greenhouses and exotic plants, while the Jardin du Rosaire is ideal for a leisurely evening stroll through beautiful surroundings.

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Property Abroad.com top 10 overseas property destinations for may 2009

Overseas property portal Property Abroad has revealed the top ten most popular countries for May, and though many of the results may surprise many people, one explanation accounts for them all according to Julie Liddle the portal's emerging trends analyst.

The fact that Spain and America remained in first and second position will come as a surprise to very few people.

Greece and France taking third and fourth positions is a big shock however, especially given that they were in eighth and ninth positions respectively last month. This is a sign that the lifestyle buyers, who have been waiting to see how far prices will fall, are coming back into the market, according to Julie Liddle.

"France taking fourth place from Portugal, and Greece taking third position from Turkey, is a sign that the pent-up demand that myself and many analysts believed existed for the higher end overseas properties in established markets was real, and is starting to be released now as the Pound strengthens against the Euro," she said.

Another semi surprise: Cyprus climbed two places to steal fifth position, which was held by Italy last month. This is also because the lifestyle buyers, who have been waiting for a stronger Pound, are coming back into the market, according to Liddle.

"Cyprus property again, was mainly being bought by lifestyle buyers, and its rising popularity now further enhances my belief that the Lifestyle buyers who were hanging back waiting for the Pound to strengthen, and see how far Eurozone properties were going to fall in value, are now coming back out with a vengeance," Julie said.
Turkey fell back to sixth from fourth last month, Italy seventh from fifth last month, Portugal dropped back an incredible five places to be eighth most popular in May, and Egypt gained one place to take ninth position in May.

The final shock came in Canada re-entering the Chart in 10th spot. Canada hasn't been in the top 10 since the first quarter of 2008. Julie put forward a possible reason for Canada re-entering the chart.

"This is another sign that the pent-up demand is being released. Canada property prices were falling, and there have currently been reports that the market is close to bottom. Those waiting to see how far prices would fall, are now getting in and seeing what kind of bargains they can get," she said.

The full results of the top 10 for May are as follows:

Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada

Compared to Last Month's:

Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada

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Property Abroad Reveals Top-Ten Locations

Up and coming overseas property portal has revealed that America has become the second most popular both in terms of properties being viewed and properties being enquired about. Another surprise in figures released by Property Abroad is that Spain remains the most popular country in the world with those looking to buy overseas property. According to Property Abroad's traffic and enquiry figures, the top ten most popular destinations for those looking at buying overseas property is as follows:

Spain
America
Cyprus
Portugal
Turkey
France
Brazil
Italy
Greece
Cape Verde

Liam Bailey, Property Abroad's chief market analyst gave his thoughts on the figures:

"I know some people will be surprised by America being the second most popular country with those seeking an overseas property purchase, but not me. A few months back I saw the trend beginning, when A Place in the sun magazine listed America as climbing 7 places to 4th most popular in their overseas property survey. This was then because of American property prices plummeting at the same time as the dollar crumbled against the pound making American property purchase a particularly financially sound move. It seems this trend has not been affected by the two currencies going in the opposite direction. I suspect America has remained popular despite the currency u-turn, is because many American markets have bottomed out and are predicted to have v-shaped recoveries, investors are therefore buying while prices are low and planning to reap the profits."

"Another reason for America's popularity:" continued Bailey, "is the fact that many developers facing bankruptcy are currently slapping massive discounts on their properties to obtain quick sales, setting shrewd purchasers up for great profits when the market's they purchase bargains in recover -- which is inevitable if unpredictable. One thing I am surprised about however is Spain being number one most popular; surprised more by the fact that it shows there are still masses of British people looking at buying overseas property. Other than that, my guess would have had Turkey in 3rd, Cyprus in 4th and Portugal in 5th, and the rest is pretty much par for the course."

Find out more about the hottest overseas property locations in the world.

Read more Overseas Property News

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Romania recommended to investors

Overseas property buyers have been advised to consider purchasing a residence in Romania.

According to FC Exchange, the eastern European country could be a good location for those who want to collect quick returns on their investment.

The currency specialist said this is because the property market in Romania is growing at a relatively fast rate, especially in comparison with places such as France.

This has prompted managing director Nick Fullerton to suggest that people take these issues into account when deciding where to invest.

He commented: "It is important to firmly establish the reasons why you are buying property at the very beginning of the process."

Mr Fullerton added that investors who match their strategy to a suitable market will be able to see the returns.

According to the Property Investor Show, 72 per cent of those who plan to invest abroad this year are looking at less-established countries.

Overseas Property - serving the overseas property market since 1992

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Turkey attracts British holidaymakers

More and more leisure travellers from the UK are choosing to visit Turkey, analysts have revealed.

According to the Association of British Travel Agents (ABTA), there has been a 20 per cent increase in the number of bookings for holidays to Turkey this year.

The organisation believes this is because the strong euro has put people off visiting Mediterranean countries in the eurozone, such as Italy and France.

Since Turkey offers more favourable exchange rates, visitors can enjoy similar attractions at a relatively low price.

Speaking to the Scotsman, ABTA spokesperson Frances Tuke said: "Turkey has been a popular market this year, because it is outside the eurozone and British travellers are now familiar with it."

She added that people are not willing to let the economic downturn in the UK force them to give up their holidays.

This comes after price comparison site Cheapflights revealed that it has also seen an increase in the amount of interest in Turkey.

Figures show that in the last 12 months, the number of people looking for information on areas such as Dalaman has risen by more than 17 per cent.

News brought to you by Property Abroad - specialists in Overseas Property Investment

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