Two previously unheralded destinations have risen into the top ten most popular places to buy an overseas property for the first time.  The latest survey from the Move Channel has also found that the USA is now the second most popular foreign destination for people looking to buy overseas property.

US now second most popular place for people looking to buy property overseas

The Top of the Props survey looks at the number of enquiries for property in different nations and October’s figures showed that Spain once again remains the most popular choice.  However, enquiries for property in the USA rose by 1.06 per cent, enough for it to overtake France into second place.

Director Dan Johnson said: "French real estate has been seen as a safe investment zone in Europe for some time, so America snatching second place is a great achievement. The US market is currently full of foreclosures and repossessed property, with the affordable prices tempting buyers away from the French ski slopes and into the States.”

Portugal and Italy make up the top five with Turkey in sixth place attracting just over 4 per cent of all enquiries.

Cyprus and Thailand leap into top ten

The October figures also saw two brand new entrants to the top ten as both Cyprus and Thailand made their debut in the top ten most popular places where online buyers are searching for property.

Prices of property in Cyprus fell for the sixth consecutive quarter in October whilst improved title deeds legislation has given more confidence to people looking to buy in the country.

Mr Johnson continued: “The flooding may see Thailand's popularity decrease next month, but Cyprus' low prices leave a lot of room for investment as buyers look for familiar markets amid ongoing economic uncertainty.”

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Author

  1. avatar
    Nick Marr

    I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.