Turkey, Portugal and Australia Big Winners as Italy Loses Out

Highlights

• 51.45% of locations saw an increase in searches ,48.49% of locations saw a decrease in searches and 0.06% no change
• Interest in Australian property remains strong
• Spain dominates search report with 22% of all searches
• Positive moves for Turkey which climbs two places
• Italy loses out to Australia and Portugal
• Switzerland drops to 20th spot

Commentary

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

“Following new year’s surge of interest in overseas property, strong demand continues with 2.8 million searches performed on site for a second month in a row. Long haul destinations like Australia and India remain at the forefront of buyer’s minds. India, now a regular in the top 20 is popular with non-resident Indians (NRI’s) wanting to move or invest back home. Widely reported political turmoil in Italy appears to have led to property hunter’s attention away from Italy and towards other European states. In February 4 out of the top 10 falling regions were in Italy and overall searches for Italy fell by 12%. Despite nervousness around the Spanish economy in recent weeks, property buyers are undeterred, with Fuertuventura, Valencia, Benalmádena and Torrevieja all increasing in searches by over 20% respectively. Other positive news comes from Turkey, which benefits from uncertainty surrounding the Euro countries and buyers looking for non-euro opportunities.”

Charles Purdy, Managing Director at Smart Currency Exchange , said:

“Just like Rightmove, we continue to see a strong interest in overseas property as enquiries for our international payment services are 25% ahead of last year. The Euro zone is very popular as sterling hovers around the €1.20/£1 level, close to its highest level of the last three years. The quality of the enquiries is also good which shows a level of confidence not seen in previous years.”

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 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.

*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.