Warm Australian climate tempts investors

More investors are looking to escape to warmer climates as confidence returns to the international markets, it has been suggested.

The claims come after property portal Primelocation reported a 134 per cent increase in the number of overseas real estate searches conducted on its website during January.

According to the statistics, Australia saw a surge of interest, while Switzerland - with its colder climate - dropped off the list.

Ann Wright, international development manager of Primelocation, believes that the results show two emerging themes for investors.

"The strong performance of countries in the lower half of the list suggests that a renewed sense of confidence is now beginning to filter through and the market is less dependent on top-end buyers," she said.

"Secondly, as a blanket of snow covered Britain, potential buyers focused their attention on warmer destinations as an antidote to the mid-winter blues."

Last month, Australian Property Monitors reported that house prices in the country rose by 12.1 per cent over the course of the year, making real estate growth its strongest since 2003.

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