October 2011 Rightmove Overseas Search Report

Wednesday, 30th November, 2011 by Tom Whale

European Economic Problems Fail to Deter Overseas Property Buyers

Highlights

  • 50.94% of locations saw an increase in searches, and 48.99% of locations saw a decrease in searches
  • Portugal overtakes Italy as 4th most popular country
  • UAE overtakes India in the top 20 countries
  • Spain, France and Germany dominate increasing regions
  • Ski properties on the rise as Ski season starts


Commentary

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

"Despite the well reported economic crisis in Europe, UK buyers grasp the window of opportunity for bargain properties and this is played out in the top 10 climbing regions which are all located in mainland Europe. The ever popular Spanish regions of Valencia and the Costa Del Azahar continue to draw in the most number of buyers, with searches up 63% month on month. The little known Andalucían region of Huelva has also seen an impressive rise of 255% in searches, likely due to the increased numbers of great below market value properties being advertised in that area.

Investors as well as holiday home buyers are also looking at the opportunities in mainland Europe, demonstrated by an upswing of interest in German regions such as the Bayern, Oberbayern and Rheinland. Following the start of the winter ski season, popular resorts like the Pyrenees have also seen a surge in searches. That is contrasted by the traditional summer holiday destinations like the Balearics and the French Riviera which have dipped in interest as thoughts turn to the fast approaching Christmas holidays."

Charles Purdy, Director at Smart Currency Exchange , said:

"Both France and Spain continue to be popular with property buyers, especially amongst those looking for a bargain. Uncertainty over the euro clearly is a concern but in reality the euro/sterling exchange rate continues to move within a fairly narrow range. In the last 12 months we have seen a high close to €1.20/£1 and a low just above €1.10/£1.

If clients can secure an exchange rate in the top half of this range, they seem to be comfortable with committing to a property purchase in the Eurozone. That our Eurozone enquires are ahead of expectations and Eurozone business is up 30 per cent year-on-year are proof of this."

Download the full report including data tables here

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

Huelva,
Spain

255.91%

159

197

 

Campania,
Italy

-10.32%

131

-14

Valencia,
Spain

148.06%

59

39

 

Minorca,
Spain

-8.26%

136

-11

Valencia and Costa Del Azahar,
Spain

63.18%

40

15

 

Lombardia,
Italy

-7.14%

101

-10

Oberbayern,
Germany

60.33%

179

46

 

Illes Balears,
Spain

-7.12%

22

-1

Rheinland-Pflaz,
Germany

57.11%

123

30

 

Dordogne,France

-31.58%

79

-8

Cadiz,
Spain

49.53%

152

35

 

Punjab, India

-6.56%

198

-26

Pyrénées-Orientales, France

47.94%

174

33

 

French Riviera,
France

-6.06%

51

-9

Pyrénées-Atlantiques,
France

39.69%

184

29

 

Ibiza,
Spain

-5.40%

130

-11

Corrèze,
France

39.62%

208

32

 

Mallorca,
Spain

-4.15%

76

-8

Bayern,
Germany

37.95%

133

21

 

Charente,
France

-4.15%

186

-18

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

Huelva

Spain

255.91%

159

197

217

219

72

Corrèze

France

39.62%

208

32

131

84

44

Valencia

Spain

148.06%

59

39

130

92

43

Oberbayern

Germany

60.33%

179

46

118

327

39

Lot

France

33.22%

210

29

95

65

32

Pyrénées-Atlantique

France

39.69%

184

29

97

168

32

Rheinland-Pfalz

Germany

57.11%

123

30

92

54

32

Malopolskie

Poland

31.59%

178

19

89

333

30

Centre

France

17.10%

209

6

75

148

25

Finistère

France

30.97%

147

24

65

90

22

*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 October to 30th October 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, forecasts or recommendations 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 2,000,000 overseas property searches a month for advertisers. Visit us at www.rightmoveoverseas.co.uk.

You may also like these related posts:

  1. September 2011 Rightmove Overseas Search Report
  2. May 2011 Rightmove Overseas Search Report
  3. July 2011 Rightmove Overseas Search Report
  4. October 2009 Rightmove Overseas Search Report
  5. February 2011 Rightmove Overseas Search Report