– Enquiries for US property up 14pc
– USA most popular country on TheMoveChannel.com for fourth time this year
– Demand for French property up 24pc
The USA has overtaken Spain to reclaim the number one spot in TheMoveChannel.com’s Top of the Props league.
Spain has largely dominated the Top of the Props table in 2015, thanks to the country’s gradual recovery attracting more buyers, as well as the appeal of favourable exchange rates with the weak euro. The USA, though, has also proven attractive, with markets such as Florida and Detroit already established among international investors.
Enquiries in real terms increased 14 per cent in October 2015 month-on-month, taking the USA into the number one position for only the fourth time this year. US property accounted for 8.86 per cent of enquiries in October, up from 8.02 per cent.
Spain, on the other hand, saw its share of enquiries slip from 9.33 per cent to 7.78 per cent. This is the first time that Spain has not been ranked number one in five months and only the fourth time this year.
Brazil also enjoyed a mini-boom in popularity, its share of enquiries almost doubling from 3.9 per cent in September 2015 to 6.29 per cent in October. As Brazil rose one place into third, Portugal was hot on its heels, climbing back into the top five to seize fourth spot. France fell two places, but remained in the top five, its share of enquiries edging down slightly from 4.93 per cent to 4.11 per cent.
Thailand also fell slightly out of favour among buyers, dropping out of the top 10 for only the second time this year, as attention instead shifted to Turkey and the UAE. The Cayman Islands was the month’s biggest climber, rocketing 30 places up the rankings to enter the top 10 for the third time in 2015 so far.
On a long-term basis, though, October’s Top of the Props rankings highlight the established favourites among overseas investors: Canada’s drop out of the top five caused the top of the table to return the same European-heavy line-up that was most popular with investors in both 2014 and 2013: USA, Spain, Brazil, Portugal and France.
Indeed, while America is top dog, France’s ongoing presence in the top five demonstrates the improving sentiment surrounding the country as well as the eurozone, with enquiries up 24 per cent in real terms month-on-month and up 43 per cent in the three months to October 2015 compared to the preceding three months. Greece also saw its number of enquiries rise 18 per cent month-on-month, while Portugal enjoyed a surge of 77 per cent month-on-month.
TheMoveChannel.com Director Dan Johnson comments: “Detroit and Florida remain two of the most sought-after investment hotspots in the world, a fact that has propelled the USA back to the top of TheMoveChannel.con rankings for the fourth time this year. Europe, though, has lost none of its appeal, with low mortgage rates, low property prices and high exchange rates with the euro holding Spain, Portugal and France in the portal’s top five destinations consistently for the past three years.”
Notes to Editors
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