Property buyers flock to france for new year
- US the most popular country in the world for third month in a row
- French property enquries up 44pc in December 2015
- Cypriot property enquiries up 36pc in Q4 2015
- Thailand re-enters Top 5 most popular destinations
Property buyers flocked to France to celebrate the New Year, reveals new research from TheMoveChannel.com. The country flew up the international portal's Top of the Props chart in December 2015 to become the second most popular country in the world.
US real estate remained the number one country on investors' wish lists at Christmas, receiving the most enquiries from overseas buyers for the third month in a row. Its share of enquiries rose from 9.5 per cent in November 2015 to 13.21 per cent, as interest continued to grow, bolstered by the improving economic picture.
Brazil also enjoyed rising interest among investors. As the country prepares to host the 2016 Summer Olympic Games, it rose two places in the Top of the Props table to become the third most popular property destinatinon, knocking Portugal down one place into fourth and Spain and Turkey out of the Top Five altogether.
Thailand completed December's Top Five, re-entering the Top 10 for the first time since September 2015, with 4.08 per cent of all enquiries that month. December's other big climber was Germany, which rocketed up 18 places from 24th to seize sixth spot.
Spanish property's slide into seventh, from second place in November, suggests that buyers fell out of love with Europe after a year of favourable currency exchange rates boosting their spending power. France's rebounding popularity, though, highlights the ongoing appeal of the continent's favourite lifestyle destinations. With mortgage rates still at attractive lows and the ski property market enjoying healthy growth - despite a shortage of snow during December - enquiries in real terms for French property surged 44 per cent month-on-month.
"2015 was the year in which buyers returned to Europe in force," comments TheMoveChannel.com Director Dan Johnson, "with Spain dominating activity in the first half of the year and France wooing buyers in the second half. On a quarterly basis, the Top of the Props data paints a more accurate picture of the global market, highlighting the extent of European property's appeal even during the quieter Christmas period."
Indeed, Cyprus plummeted down the chart to 28th place in December 2015, but overall enquiries in real terms climbed 36 per cent in Q4 2015 compared to Q3 2015. Enquiries for French real estate rose 44 per cent quarter-on-quarter, while enquiries for Portuguese property increased 26 per cent over the same period. Despite Turkey's dip in December, enquiries for property in the country edged up 4 per cent over the final three months of 2015.
"The Federal Reserve's decision in December 2015 to raise interest rates gradually places a promising vote of confidence in the US economy going forward, which will help to bolster investor confidence in the country's recovering housing market. As the dollar continues to strengthen, though, the appeal of Europe's real estate is expected to remain strong in the near future, as buyers flock to France in greater numbers. 2016 may also be the year that investors return fo Bulgaria, with enquiries for the country's real estate up 14 per cent quarter-on-quarter."
The full Top 40 most popular destinations on TheMoveChannel.com in December 2015 are below.
Notes to Editors
About Lead Galaxy and TheMoveChannel.com
Founded in 1999, www.TheMoveChannel.com is the leading independent website for international property, with more than 800,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.
TheMoveChannel.com is one of more than a dozen international property sites operated under the Lead Galaxy brand. Lead Galaxy provides online marketing solutions to thousands of property companies worldwide, focusing on portal listings, email marketing, qualified leads, paid search and social media advertising.
The business is headquartered at 24 Jack’s Place, Corbet Place, Shoreditch, London, E1 6NN.
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