Overseas property news - #tmcworldcup match of the day: greece vs japan

#tmcworldcup match of the day: greece vs japan

 

Click here to see larger version - or here for an explanation of the figures.


Following our World Cup predictions, which forecast an overall victory for the USA, TheMoveChannel.com follows the FIFA tournament through every stage, highlighting a property Match of the Day.

Greece has had something of a rebound in the last 12 months. The financial crisis left the property market facing plunging prices and falling demand. Indeed, values are still dropping, by 8.4 per cent in Q1 2014 year-on-year. In comparison, Japan's dip of 1.1 per cent year-on-year is much more stable, thanks to the country's stronger economy.

In the case of Greece, though, buyers are now starting to see the low prices as far from tragic: holiday homes are bargains during the peak buying season, while the price decline is beginning to slowdown, helping to boost sentiment. Indeed,  3,380 people searched on Google for property in Greece in May 2014, while the 3,000-plus listings on TheMoveChannel.com generated 1.43 per cent enquiries last year.

The result is something of a classic counter attack from European lifestyle markets: 2-0 down on prices, but 3-0 up on demand.

 

Who will win the Property World Cup? See our full infographic here - or keep up to date with the latest results on Twitter by following the #TMCWorldCup hashtag.

 

What do the figures mean?

Enquiries = % of enquiries received on TheMoveChannel.com in 2013
Searches = Number of searches for "property in X" on Google in the month leading up the World Cup
Listings = Number of properties currently listed for sale on TheMoveChannel.com
Price (12m/6m) = House price movement in the last 12 or 6 months, according to the Knight Frank Global House Price Index Q1 2014

Click here for the full statistics.

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