Spain is enjoying a flying start to 2016, reveals TheMoveChannel.com’s latest Hotspots Index. The report, which charts the most searched-for locations on the international property portal, shows that interest is on the up in Spanish real estate, almost doubling the country’s presence in the Top 50 rankings.
Rome remains the most popular hotspot in the world for property hunters. The Italian capital has now been ranked number one for four consecutive quarters, but its appeal shows no sign of stopping: Rome accounts for 2.32 per cent of searches by location on TheMoveChannel.com, higher than its 1.57 per cent share recorded in Q4 2015.
Italy remains one of Europe’s most attractive propositions for house hunters, accounting for 14 of the Top 50 property hotspots on TheMoveChannel.com, up from 11 in Q4 2015. Other popular Italian hotspots include Verona (eighth, up 18 places quarter-on-quarter) and Florence (10th, up four).
France and Portugal are also particularly popular among international buyers, accounting for one and three of the Top 10 hotspots respectively. Lyon is the most sought-after hotspot in France (1.28 per cent of searches), rising from sixth place in Q4 2015 to fifth place. Second place Funchal is the most sought-after hotspot in Portugal accounting for 1.5 per cent of searches, ahead of Punta Delgada in fourth place (1.29 per cent).
Spain, though, is stealing the international show at the start of 2016. Benidorm stormed 13 places up the league to seize third place, with 1.32 per cent of global searches. Malaga also rose three places into sixth spot (1.29 per cent).
Overall, Spain now accounts for 15 of the Top 50 hotspots on TheMoveChannel.com, its highest since the index began in Q1 2015 and more than both previous chart leaders Italy and Portugal.
“Spain is off to a flying start this year, with interest remaining healthy among overseas buyers,” comments TheMoveChannel.com Director Dan Johnson. “The Q1 2016 Hotspots Index arrives as the pound weakens against the euro, following a strong 2015 for the British currency, but optimism surrounding Europe’s real estate recovery is improving. Spain, in particular, is now widely considered one of the world’s best investment hotspots as well as a favourite lifestyle destination, thanks to a combination of low (but rising) prices, improving rents, and low mortgage rates.
“The rise of Benidorm to become Spain’s most popular property hotspot reinforces the importance of foreign demand in Spain’s property recovery, as British buyers seek out existing expat communities, fuelling price growth and reducing supply in such coastal areas. The Brexit referendum may be looming, but Europe is still top of British buyers’ shopping lists.”
The Top 50 Hotspots on TheMoveChannel.com in Q1 2016 are as follows:
|11||Spain/Province of Tarragona||0.94%||21|
|14||Spain/Province of Santa Cruz de Tenerife||0.78%|
|15||Spain/Province of Alicante||0.75%||8|
|20||Spain/Province of Girona||0.68%|
|24||Spain/Costa Blanca South||0.60%||3|
|30||Spain/La Manga del Mar Menor||0.57%|
|49||Spain/Lloret de Mar||0.43%|
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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