Dubai back on the map, but for the wrong reasons
Highlights
58% of locations saw
increases in searches, 
42% decreases, 
0.2%
no changes- The UAE claimed back 4 places in our country ranking chart with searches up by 38.99%, mainly driven by a massive rise of searches for Dubai (45.50%).
- Australia increased its market share for the third consecutive month by 12.9% while New Zealand jumped ahead of Cyprus in the rankings.
- Germany enters the Top 10 Countries for the first time, pushing Turkey out with searches up by 2.3%, driven by the region of Bayern where searches almost doubled in a month.
Commentary
Despite Christmas being only a few weeks away, search volumes on Rightmove Overseas rose slightly in November on October. It’s typically the last serious month of looking before thoughts turn to the holidays, closely followed by a big surge in January to accompany New Year resolutions.
Commenting on the climbers and fallers in this month’s search chart Robin Wilson, Head of Overseas at Rightmove said:
“Although people with property in Dubai could be happy with a 45% increase in searches, it’s probably for all the wrong reasons as people go ‘rubber necking’ through listings, cruising for the crashed property prices that made the headlines in recent weeks. When the bubble bursts there are bargains to be had, but buyers need to be careful they are seduced by genuine value rather than outright size of the discount. If you were looking to move permanently to Dubai, you will be able to afford a lot more for your money right now (assuming you were brave enough to call bottom). As a pure investment, you’d have to be very brave indeed, particularly over any time period not measured in lots of years, to expect a meaningful return.
If the Kiwis continue to design amazing homes like this property in Queenstown, then their rise up the charts seems assured. I forecast lots more buyer interest in the New Year for vendors looking to sell property in New Zealand.
The New Year usually brings a surge in interest for the dream of emigrating down under, possibly driven by people’s desire for a fresh start so we’ve started to see the first signs of that increase with 50% of the top trending destinations being down under and Australia posting a healthy 14% rise in activity.”
Search Data Highlights (download full PDF report)
Top 10 Climbers and Fallers this month (areas with > 100 searches a day)
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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 |
|---|---|---|---|---|---|---|---|
Winward Islands |
Caribbean |
6.69% |
125 |
|
|
|
|
Bayern |
Germany |
91.91% |
136 |
|
|
|
|
Victoria |
Australia |
26.33% |
66 |
|
|
|
|
South Island |
New Zealand |
6.90% |
92 |
|
|
|
|
Almería |
Andalucía |
10.66% |
105 |
|
|
|
|
New South Wales |
Australia |
12.17% |
48 |
|
|
|
|
Barbados |
Caribbean |
-3.05% |
124 |
|
|
|
|
North Island |
New Zealand |
1.68% |
67 |
|
|
|
|
Berlin |
Germany |
6.77% |
102 |
|
|
|
|
Western Australia |
Australia |
8.43% |
38 |
|
|
|
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*Chart Trend is a rolling average of the three previous monthly changes in chart position
You can download the full Rightmoveoverseas Search Report from our blog including Top 40 locations, Top 20 countries and detailed regional breakdowns for the Top 5; Spain, France, Italy, Portugal and the USA.
Editors Notes
This data is complied from searches made by users of www.rightmoveoverseas.co.uk during the period 1st November to 30th November 2009. 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. This month 51,472 locations have received searches.
- % 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 1,000,000 overseas property searches a month for advertisers. Visit us at www.rightmoveoverseas.co.uk.
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