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Searches for overseas property rising, but caution urged
22 Feb 2010
Posted by Dan Winters
Reports of increasing searches for overseas property should be taken with a pinch of salt, those with landlords building insurance have been told.
The latest Primelocation International Search Index showed that enquiries after international property rose by 134 per cent between January 2009 and 2010.
According to the figures, searches were also up by 25 per cent between December 2009 and last month.
Spain, France and the US were the most searched-for destinations, the index showed.
Adam Samuel, director at Nubricks.com, said that although enquiries are definitely increasing, landlords building insurance policyholders should not take that to mean the market is booming.
"We need to be cautious about what that means in terms of actual recovery. A lot more people are looking at what is available and considering where to invest," he commented.
Also featuring in the top ten most searched-for destinations were Cyprus, Turkey and Bulgaria, which registered the highest monthly increases of between 55 per cent and 60 per cent.
