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Spain remains number one for foreign property investment
Spain remains number one for foreign property investment
| Published: | 7 Feb at 3 PM |
A recent study by TheMoveChannel.com has found that Spain is still top of the list of countries where people would like to make an overseas investment in property. In second place was the United States. However, a surprise leap of 18 spots by Cape Verde saw it once again entering the top ten at position number seven.
According to a report on Hifx.co.uk, Cape Verde was responsible for 3.6 per cent of the enquires on TheMoveChannel throughout January. A similar situation was seen last August when Cape Verde shifted five spots and emerged into the top of the chart.
In January it came just behind Bulgaria, but ahead of both Brazil and Turkey. Dan Johnson, TheMoveChannel’s director, said that although there had been no noticeable push by developers or agents, Cape Verde kept bouncing back into the top ten.
He explained that because tourist numbers were beginning to build, and because the real estate market remained un-crowded as yet, buyers are looking at investing in the area with the hope of decent returns in the future.
Investors have also started to return to the US because of market recovery and low property prices. The US has just leapfrogged France and Portugal on the list.
According to a report on Hifx.co.uk, Cape Verde was responsible for 3.6 per cent of the enquires on TheMoveChannel throughout January. A similar situation was seen last August when Cape Verde shifted five spots and emerged into the top of the chart.
In January it came just behind Bulgaria, but ahead of both Brazil and Turkey. Dan Johnson, TheMoveChannel’s director, said that although there had been no noticeable push by developers or agents, Cape Verde kept bouncing back into the top ten.
He explained that because tourist numbers were beginning to build, and because the real estate market remained un-crowded as yet, buyers are looking at investing in the area with the hope of decent returns in the future.
Investors have also started to return to the US because of market recovery and low property prices. The US has just leapfrogged France and Portugal on the list.
