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Just five countries account for 91% of interest in international property: Primelocation

By International Adviser, 27 Jun 11

Five countries account for more than 90% of international property searches, Primelocation says.

Five countries account for more than 90% of international property searches, Primelocation says.

What is more, the percentage of buyers looking at properties in other countries has fallen, Primelocation said.

It reports that Spain, France, USA, Italy and Portugal are responsible for 91% of all international property searches undertaken by visitors to primelocation.com, an online, UK-based estate agency which represents properties on offer by such companies as Savills, Knight Frank and Hamptons International.

By contrast, those top five countries were responsible for 77% of searches in July 2008. 

The five destinations — all but one of which are in Europe — have also seen the highest annual increase in searches, in spite of starting from a higher base than countries lower in the ranking, Primelocation said.

Total searches for overseas properties rose by 3% in July compared with June, and were more than double the number of searches undertaken in the same month a year earlier, Primelocation said.

Tags: France | Italy | Portugal | Spain | US

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.