Primelocation.com International Market Review – September 2009 Search Index
- Searches for international property increased by 32% between September 2008 and 2009
- The USA increased its share of searches for the fifth successive month to 19%
- Australia has fallen from 7th to 10th place over the last year
There was a 10% increase in the total number of international property searches in September compared to the previous month and a 32% increase compared to September last year, adding weight to the August data which appeared to show that confidence is returning to the market.
Four of the top five countries achieved a double-digit monthly percentage increase. The only exception was Spain, which still recorded a respectable 7% rise, suggesting that this month's growth was driven by the most traditionally popular destinations. Annual percentage change followed a similar pattern, with fifth-placed Portugal the only country to see a decrease, compared to first-placed France (46.8%) and third-placed USA (262.8%), which both saw significant rises.
By contrast the sixth to tenth-placed countries saw more muted results, with Bulgaria the anomaly, witnessing an impressive 22% monthly increase, the largest rise of any country in the top ten.
Ann Wright, International Development Manager at Primelocation.com, comments: "The results from September show a continuation of last month's trend of cautious but growing consumer confidence. The monthly rises are welcome but not entirely unexpected as September often sees a spike in interest as holidaymakers return from abroad. The very impressive growth compared to September last year, however, is a far more encouraging sign, suggesting that the underlying growth in interest in foreign property purchases indicated in last month's data will be sustained.
"The fact that interest is concentrated in the traditionally strong markets of France, Spain and the USA suggests a certain amount of caution remains amongst consumers, but these figures indicate that the overall outlook for the foreign homes market is very positive."
| Top Ten International Property Searches – September 2009 | ||||
|---|---|---|---|---|
| Country | Share of total searches Sept 09 | Monthly change in no. of searches | Annual change in no. of searches | Sept 08 Ranking |
| France | 33% | 11% | 47% | 2 |
| Spain | 26% | 7% | 16% | 1 |
| United States | 19% | 20% | 263% | 4 |
| Italy | 6% | 11% | 6% | 3 |
| Portugal | 5% | 15% | -2% | 5 |
| Cyprus | 1% | 6% | 7% | 8 |
| United Arab Emirates | 1% | 8% | -53% | 6 |
| Turkey | 1% | -1% | -5% | 8 |
| Bulgaria | 1% | 22% | 3% | 10 |
| Australia | 1% | -18% | -58% | 7 |
| Rest of World | 8% | 2% | -20% | n/a |
About Primelocation International
Primelocation International forms part of Primelocation.com, the UK's principal portal for leading estate agency firms, including major national and international agencies such as Savills, Knight Frank and Hamptons International, listing over 750,000 prime properties to rent or buy in the UK and overseas.
Primelocation International has the largest collection of international property of any UK-based property portal listing over 70,000 homes in France, Spain, Portugal, Italy, USA and over 60 other countries. Over 500 international estate agent firms list their property on Primelocation.com.
The bi-monthly International Search Index highlights demand for international property on the site amongst UK-based property hunters.
For further press information please contact Wriglesworth PR:
- Brian Thorn: 020 7427 1400 / b.thorn@wriglesworth.com
- Louise Marshall: 020 7427 1400 / l.marshall@wriglesworth.com
The Primelocation.com International Search Index is a unique report measuring the number of searches for international properties on the site. The report acts as a barometer for the demand for international property and highlights the relative popularity of property across over 60 countries worldwide. The report is released on a bi-monthly basis.
Primelocation.com has one of the largest collections of international property among UK-based property portals, with over 1,000 individual agent offices, listing over 100,000 homes in France, Spain, Portugal, Italy, USA and over 60 other countries. Over 840 international estate agent firms list their property on Primelocation.com.
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Primelocation.com International Market Review - September 2009 Search Index
There was a 10% increase in the total number of international property searches in September compared to the previous month and a 32% increase compared to September last year, adding weight to the August data which appeared to show that confidence is returning to the market. view PDF
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US market proves a hit with bargain hunting Brits.
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Continued growth in searches for International Property.
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14% increase in the number of people searching for overseas property in March 2009.
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Market conditions cause a change in where Britons are buying.
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Britons continue to search for property abroad in spite of market conditions
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in July 2008, International searches on Primelocation.com are up 15% on last month
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international property searchers look increasingly to the United States of America, as prices across the pond continue to fall
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the number of international property searches leaps nearly seven-fold in the last year
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