As summer approaches and the temperature rises abroad, demand for traditional holiday destinations is also beginning to hot up.
With the wet weather in the UK, Brits have turned to Rightmove Overseas to search for overseas property in record numbers with over 2.9m searches recorded in April, with properties in Spain attracting the greatest volume of searches.
The latest Rightmove Overseas report shows that properties in Portugal were also high on Briton’s wish list, along with a range of other holiday hot spots, including Australia. But Spanish locations dominate the top 10 climbing regions.
Shameem Golamy, head of Rightmove Overseas, said: “The main beneficiary of this increased search activity has again been the traditional Spanish destinations of Benidorm, Estepona and Torrevieja, as people look for properties in familiar locations. Albufeira and Carvoeiro in Portugal have also benefitted from extra searches, as has Sydney in Australia.”
The report also reveals that more property investors are eyeing up property investment opportunities in Greece, Malta and Ireland, where prices have plummeted in recent years. Turkey continues to prove popular.
However, demand for homes in traditional ski countries such as Switzerland, Austria and Canada fall as the snow melts. Germany also fell in popularity, along with Poland.
Golamy added: “The economic woes affecting parts of Europe has failed to deter buyers in the UK interested in overseas property, with both Malta and Ireland rising 20% in searches month on month. Greece has risen to 8th place in our top 20 and Turkey continues to perform well, attracting 17% more searches than March. Germany, usually a favourite destination of UK investors, seems to be gradually losing interest, as do Austria and Poland. It seems that UK buyers are more inclined to look for warmer destinations as thoughts turn towards the summer.”
