Overseas property searches still up on 2009 figures despite drop

The number of people searching for homes and properties overseas dropped by an average of seven per cent between May and June 2010, recent data showed.

Despite the drop, international property searches were still up by an average of 138 per cent compared to 2009's figures according to statistics released by Primelocation.com.

The biggest increase came from those looking for a home in the United States, which saw a 192 per cent increase on searches over the 12 months from June 2009 to June 2010.

While the top five destinations, including Spain and France, saw property searches tail off for a third consecutive month, UK movers searching for homes in the United Arab Emirates rose by five per cent on May's figures.

Primelocation.com's international development manager, Ann Wright, said: "June is traditionally a quieter month for both the domestic and international property markets and this year has proved no exception."

A survey conducted by Rightmove.co.uk revealed last week indicated that the majority of British homebuyers expect the UK market to maintain or increase its current level over the next year.
 

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