The number of searches for international property at primelocation.com’s International section during November has more than doubled year-on-year, the portal says.
primelocation.com says it recorded over 1 million overseas property searches in November, which almost puts interest back to “pre-credit crunch levels”. Nearly a third of searches were for property in Spain, which has overtaken France as the most searched-for country after 12 months in second place.
Since October, the number of searches for homes in the US jumped 47 percent. The number of searches for Swiss homes also increased by 21 percent between October and November, which primelocation.com puts down to the fact that several of Europe’s largest hedge funds are considering a move to Switzerland.
Ann Wright, International Development Manager of Primelocation International, said the rising search numbers could soon result in sales:
“After a sustained period of rising interest in international property as a whole, I think we can be confident that foreign property purchase is now back on the agenda, in spite of certain barriers such as exchange rates and finance, which may be continuing to stall actual sales.”
primelocation.com International was recently redesigned to offer a number of new search features. It is part of UK portal primelocation.com, which is owned by The Digital Property Group.