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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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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Lifestyle buyers advised to enter rental market

Holiday home owners who are feeling the pinch in the current financial climate have been encouraged to let out their properties.

According to Shelter Offshore, the income generated from rental yields could help cover the cost of looking after a foreign residence.

Therefore, it has suggested that people who feeling the effects of the credit crunch consider easing the financial burden by opening their doors to tenants.

The online portal said the holiday market could be particularly lucrative, as rental accommodation is still in high demand.

Shelter Offshore commented: "Renting out your property can be a practical way to reap some financial rewards for having a lovely place in the sun."

The website added that using a property to generate money would effectively mean it is paying for itself.

This comes after DirectHolidayBookings.co.uk said a growing number of holiday home owners are already turning to the rental market.

Managing director Andrew Gibson said these people are using the rental yields to supplement their main income.

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Spain remains popular with Britons

Growing competition from other Mediterranean countries is not denting the appeal of Spain, analysts have revealed.

The European country was highlighted as the most popular destination for families over the upcoming school holidays by Skyscanner.

According to the flight search engine, this demonstrates the continuing appeal of Spain to consumers from the UK.

Barry Smith, chief of business development at Skyscanner, commented: "Spain has always been very popular with British holidaymakers, and it seems it's still the favourite."

He stated that the country is still an attractive option because it offers relatively low prices, good weather and easy access from the UK.

Skyscanner found that Alicante was one of the main hotspots for those heading abroad in the October half-term, along with Malaga, Tenerife and Murcia.

According to Spanish tourism institute Frontur, the country hosted more than 41 million visitors between January and August.

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Britons set to boost Spanish market

News brought to you by Property Abroad - specialists in overseas property investments.


Spain's housing market could be set to receive a boost from overseas property buyers in the UK, experts have suggested.According to CityWire, many people in the UK are looking at buying a place in the sun now that the holiday season has come to an end.The news provider highlighted Spain as one of the most popular locations among British consumers, partly because it offers "attractively priced" homes. Britain's poor weather was flagged up as one of the main factors which is driving people overseas, as the country has recently experienced a "wet and depressing" summer.

CityWire commented: "That holiday home abroad looks even more tempting than usual, in spite of the credit crunch."This comes after investment funds analyst Moneyspider.com predicted a surge in the amount of interest from prospective expatriates.The organisation believes "grey and windswept" conditions in the UK could lead to more people looking to move abroad on a permanent basis.

Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in Spain.

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La Isla de Condado

La Isla de Condado - Polaris World's latest development - The Island of Condado situated on a beautiful Lakeside Island within the Condado development in Murcia

This development was released at the beginning of May and is already 40% sold out. All of the properties face out onto the lake and with prices starting from only €144,000 demand is high so contact us to arrange a viewing trip or to reserve your property on this delightful location within Condado.

Prices from €144,000 for a 2 bed apartment.

La Isla de Condado is Polaris World's new and exciting development of apartments situated on an island - The Gran Lago - the largest lake on the Condado del Alhama Resort. The development offers superb apartment properties at great prices starting at €144,000 all with views of the lake and stretching out to the Oasis town centre and golf courses. The resort will boast infinity pools and residents can benefit from additional communal pools with the feeling of being in the vast lake beyond.

With only 380 apartments available at La Isla de Condado in total demand is expected to be very high and with 40% already sold buyers will need to be quick to reserve. 2 and 3 bedroom properties are between 66.8m2 and 97.8m2 in size and all have great terraces ranging from 18.5m2 right up to 67m2.

La Isla de Condado will form part of the world class Polaris World development of Condado de Alhama complete with its vast array of services and facilities including the centrepiece of the 3 Nicklaus Signature golf courses and also the unrivaled extensive resort centre shopping, leisure and entertainment facilities.

Golf Course 1 minutes
Shops 2 minutes
Beach 10 minutes
Airport 25 minutes
Restaurant 2 minutes
Bars 2 minutes

Anyone bought with Poalris World yet? What if any are the pitfalls of buying in Spain at the moment? I know they are a fairly good company and the Golf is great but I suppose I just want to be sure so any feedback would be appreciated

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