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

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

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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.

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