Interest in overseas property 'returning to pre credit crunch levels'
Interest in international property is almost back to pre recession levels, according to Primelocation International.
The latest figures suggest that the international property sector is well on the road to recovery after the global economic crisis. Almost twice as many people searched for property abroad in November 2009 as in November 2008.
It is hoped that this increase in interest will lead to more sales activity in the coming months.
Ann Wright, international development manager of Primelocation International, said: "After a sustained period of rising interest in international property as a whole, I think we can be confident that foreign property purchase is now back on the agenda."
She added that there should soon be "a long term stabilisation of prices".
Global property prices have also started increasing in the third quarter of 2009, according to the latest Knight Frank House Price Index. While overall year on year prices are still down in most countries, nearly 70 per cent registered an increase towards the end of the year.
Turkey and Brazil are both being tipped by property experts as destinations to visit and invest in next year because they are holding cultural or sporting events.
Visit our off-plan property Turkey page.
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