International property investors maintain momentum
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by Gill Montia
Searches for international property increased by 111% between April 2009 and 2010, according to Primelocation.com.
However, the property portal also reports that searches were down by 4% on March, with only three top-ten countries seeing a rise in interest.
A number of events, notably the UK’s General Election, the Greek debt crisis and the volcanic ash cloud, may have increased caution among potential buyers, although the research suggest that high earners are still showing strong levels of interest in international property, despite the potential for tax rises in June’s emergency Budget.
No Euro zone country registered a significant monthly fall in searches, although Spain saw a decline of 8% in April.
Only the United Arab Emirates experienced an annual fall in the number of searches (-18%), possibly due to the ongoing debt problems in Dubai.
Results for searches in Primelocation’s top ten countries for April are as follows: France 32%; Spain 32%; United States 17%; Italy 5%; Portugal 4%; Cyprus 1%; United Arab Emirates 1%; Turkey 1%; Bulgaria 1%; Switzerland 0%.
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