Increased British interest in Eurozone property


More British prople were looking to buy a property in the Eurozone accodring to Quarterly Index, published by The Overseas Guides Company (OGC).

Enquiries for key destinations in Europe increased during Q3 with interest hitting a peak in August. Unsurprisingly Spain and France remain the most popular destinations with an equal amount of 24% of enquiries coming into OGC between July and September. Favourable exchange rate and sharp falls in property values are the primary factors, especially in Spain.

Enquiries for properties in the USA and Australia levelled in Q3, with slight increases for New Zealand and Canada.

“Let’s not forget, the euro was at a four-year low against Sterling by the end of July this year – no doubt a contributing factor to the especially busy August” said Richard Way, editor of OGC.

“Combine that with the knock-down prices, which families would have seen first-hand during their summer holiday in many destinations, and you can see where the interest has come from. The results of our Q3 Quarterly Index support the finding from our recent survey that more than 79% of Brits have not been deterred from buying in their chosen overseas destination by the current economic crisis.”