Record Breaking Month for traffic on Rightmove Overseas

Highlights

  • 52%
    of locations saw an increase in searches, and  48%
    of locations saw a decrease in searches
  • Over 2 million searches for overseas property on Rightmove for
    the first time!
  • Searches for Canadian property have risen 64% month on month
  • Italy jumps into 4th most searched for country,
    leapfrogging Portugal
  • 4 Portuguese regions amongst the biggest fallers
  • Montenegro rises 10 places

Commentary

Commenting on the climbers and fallers in this month’s
search chart Shameem Golamy, Head of Overseas at Rightmove said:

“The British appetite for property abroad shows no sign of
slowing down as over 2 million searches were performed on Rightmove for
overseas property in July; a record number for the site. The big winner was France
with 3 different regions receiving 40% more searches than in June, whilst new
advertiser stock in Canada has led to an increase in user activity.

This month has seen a decrease in searches for Portugal, which
benefits Italy by allowing them to become the 4t h most searched for
country on the site. Both Southern Mediterranean countries, Portugal has
already received a bail out from the European Union and has had their credit rating
downgraded to ‘junk’ status which makes investors nervous, whereas Italy,
although still in a precarious state financially, still seems to have the
buyers confidence.

Overall, even in this economic climate; and maybe because of
it, Brits are still chasing the overseas dream.”

Olann
Kerrison, Senior Currency Analyst at Moneycorp said:

“The decline in interest in Portuguese property is most
likely related to concerns about the economic situation. However, an increase
in searches for Italian homes would suggest that buyers are still struggling to
reconcile the possibilities of clinching a deal in an uncertain climate,
against the risks of the host country’s economy declining further.

The euro has remained relatively strong against the pound
throughout the crisis across Europe, which might explain why investors are
expressing a strong interest in countries as far afield as Canada. Despite the
dollar also strengthening against the pound in July, the Canadian property
market is seen as a safer bet at the moment, having been largely un-affected by
the global financial crisis.”

Search
Data Highlights

Top 10 Climbers and Fallers this
month (areas with > 100 searches a day)

Top 10 Climbers

% Change Searches

Chart Position

Chart Change

Top 10 Fallers

% Change Searches

Chart Position

Chart Change

British
Columbia,
Canada

89.06%

155

61

 

Costa Verde,

Portugal

-12.01%

136

-23

Ontario,

Canada

87.89%

185

61

 

Punjab,
India

-10.17%

172

-27

Los Angeles
County,
United States of America

55.96%

98

25

 

New South Wales,

Australia

1.82%

33

-10

Aude,
France

52.41%

147

19

 

Silver Coast
(Costa de Prata),
Portugal

2.34%

75

-9

Calvados,

France

52.02%

157

30

 

Sardegna,

Italy

2.63%

119

-16

South
Australia,
Australia

49.93%

146

14

 

Lisboa,

Portugal

3.50%

175

-22

Herault,

France

47.10%

177

28

 

Sicilia,
Italy

4.14%

139

-7

Berlin,

Germany

45.90%

103

24

 

Piemonte,

Italy

4.49%

149

-8

Black Sea
North,
Bulgaria

43.50%

156

19

 

Queensland,

Australia

5.12%

58

-7

Victoria,

Australia

42.40%

76

3

 

Lisbon and
Lisbon Coast,
Portugal

7.64%

96

-6

Top 10 Trending* Searches this month (areas with > 100 searches
a day)

These are the locations showing the most consistent positive
performance in searches on Rightmove Overseas.

Destination

Area

% Change Searches

Chart Position

Monthly Chart Change

Quarterly Chart Change

Yearly Chart Change

Chart
Trend

British
Columbia

Canada

89.06%

155

61

110

135

37

Poland

Poland

10.87%

50

-5

70

66

23

Jamaica

Jamaica

39.16%

186

16

55

56

18

Monaco

Monaco

29.09%

158

4

55

833

18

Ontario

Canada

87.89%

185

61

53

74

18

Montenegro

Montenegro

32.25%

161

10

47

26

16

Manche

France

35.49%

168

16

47

36

16

Dodecanese
islands

Greece

8.40%

174

-16

42

38

14

Calvados

France

52.02%

157

30

39

45

13

Aude

France

52.41%

147

19

32

41

11

*Chart Trend is a rolling average of the three
previous monthly changes in chart position

You can download
the full Rightmove Overseas Search Report
from our blog including Top 40
locations, Top 20 countries with regional breakdowns for Spain, France, Italy,
Portugal and the USA.

Editors Notes

This data is compiled from searches made by users of www.rightmoveoverseas.co.uk during the period 1st July to 31st July 2011. Our website
records explicit searches that users make for locations chosen from our map
based search, or that are entered into search fields and includes tourist
regions we have defined for ease of recognition.

  • % Change Searches is the % change in searches on the
    previous month
  • Chart position is absolute and determined by aggregate
    search volume for that location i.e. all the explicit searches for the location
    plus any explicit searches for sub-regions of the location e.g. Searches for
    ‘France’ include searches for ‘Paris’.
  • Monthly Chart Change is the difference in chart position
    on the previous month.
  • Quarterly Chart Change is the difference in chart position
    from 3 months ago.
  • Yearly Chart Change is the difference in chart position
    from 12 months ago.
  • Chart Trend is a rolling average of the three previous
    monthly changes in chart position.

The data in this report does not constitute specific advice,
forecast or recommendation and is for general interest only. Readers must
perform their own research and seek independent professional advice before
making any decision to purchase or invest in property abroad.

About Rightmove
Overseas

Rightmove Overseas is part of Rightmove.co.uk, the UK’s
number one property website and advertises properties for sale in over 90
countries around the globe from agents, developers and owners. On average, Rightmove
Overseas receives 80,000 unique visitors a week and generates over 1,700,000
overseas property searches a month for advertisers. Visit us at www.rightmoveoverseas.co.uk.