Top ten countries for overseas property investment
Thursday, 21 July 2011 11:54 AM
In a poll revealing the ten most popular countries for overseas property investment, Spain remained in the number one spot for enquiries, according to figures released today.
Research by TheMoveChannel.com revealed that Spain did not relinquish its status as the most searched-for location on its portal last month.
France remained in second place with the USA third. The top three destinations shared almost a third of all searches on the site.
Other notable movers were Portugal, which moved above Italy into fourth place for the first time and Thailand, which jumped up 12 places to number nine and moved into the top ten for the first time.
TheMoveChannel.com said interest in Bulgaria had also started to recover as it moved up seven places to number 11. Much of this would appear to be down to its good-value ski properties and excellent snow record over the past couple of years, the portal said.
Dan Johnson, director of the portal, said: "The Spanish market is awash with great deals at the moment as Spanish banks continue to try and shift property cheaply.
“This phenomenon is unlikely to change soon, as there is plenty of supply, while the failure of some banks in the recent stress tests means they'll be keener than ever to divest the repossessed stock from their balance sheets.”
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