Brits still eyeing EU property markets

A new survey carried out by an overseas property website has found that European property is still proving an attractive proposition for British investors.

The survey found that five out of March’s Top 10 most enquired about destinations were in the EU, in spite of the uncertainty brought about by the UK’s future in the European Union.

Spanish property drew 5.63 per cent of total activity on the website, up from 3.48 per cent in February 2016, while Portugal accounted for 3.65 per cent. France, Italy and Germany were the other EU countries ranked in the top ten destinations.

The United States was the top destination, accounting for 13.45 per cent of all enquiries, with Canada in fifth place on 2.61 per cent.

“Britain may be debating a Brexit, but buyers are still in love with European property,” explained Director Dan Johnson.

“Despite the pound weakening against the euro in recent months, demand remains strong for the continent’s familiar holiday home hotspots, with Spain, Portugal, Italy and France all still in the Top Ten destinations.”

Top ten overseas property destinations

  1. USA
  2. Spain
  3. Portugal
  4. Turkey
  5. Canada
  6. France
  7. Italy
  8. Brazil
  9. Germany
  10. Australia

Article by David Fuller