02 Feb Search trends reflect interest in distressed bargains in Spanish properties
Web-savvy property investors are focusing their efforts on good deals in distressed markets. Online searches for Spanish holiday homes now exceed those for French homes by 20 per cent according to Primelocation. These figures show the opposite pattern to the previous results, released in April. Spanish property has experienced a 43% rise in interest, compared to a 1% rise in interest for French property.
The US topped the list of online search, with a 90% increase in interest in the last year. Ann Wright, Primelocation’s international development manager, said: “There’s no single explanation for this trend – it’s a mixture of hard-headed commercial considerations as people see bargains in weaker housing markets like Spain and the US, as well as changes in fashion and perhaps the influence of politics to.”
(From OPP news)