More people considering buying property overseas

19 June 2020 | General

People are increasingly researching into buying property overseas, research from Rightmove shows.

Countries seeing the biggest uplift are Spain, France and Portugal.

Searches for overseas property from the UK reached its highest point this year in May 2020, surpassing searches in May last year by a third (33%).

International property searches also rose from 50% between March and April this year.

Daniel Harrington, head of international growth at Fine & Country, said: “With the pandemic disrupting the international markets we have been pleasantly surprised by the recent demand from our international clients whether relocating for work or purchasing a place in the sun after months of lockdown wherever they were in the world.

“The research shows that more and more people are thinking about either purchasing a holiday home in another location or planning to permanently relocate to another country.

“However, how many people actually know the process of purchasing a property in another country and what’s involved? Each country has its own set of laws or processes that need to be adhered to, so it’s best to seek expert advice from property professionals in those regions.”

Fine & Country is launching an international webinar series, with the first focusing on the South of France on the 9th July.

This post has originally been featured in Property Wire.