Greece and France taking third and fourth positions is a big shock however, especially given that they were in eighth and ninth positions respectively last month. This is a sign that the lifestyle buyers, who have been waiting to see how far prices will fall, are coming back into the market, according to Erin Scott.
"France taking third place from Portugal, and Greece taking third position from Turkey, is a sign that the pent-up demand that myself and many analysts believed existed for the higher end overseas properties in established markets was real, and is starting to be released now as the Pound strengthens against the Euro," she said.
Another semi surprise: Cyprus climbed two places to steal fifth position, which was held by Italy last month. This is also because the lifestyle buyers, who have been waiting for a stronger Pound, are coming back into the market, according to Scott.
"Cyprus property again, was mainly being bought by lifestyle buyers, and its rising popularity now further enhances my belief that the Lifestyle buyers who were hanging back waiting for the Pound to strengthen, and see how far Eurozone properties were going to fall in value, are now coming back out with a vengeance," Erin said.
Turkey fell back to sixth from fourth last month, Italy seventh from fifth last month, Portugal dropped back an incredible five places to be eighth most popular in May, and Egypt gained one place to take ninth position in May.
The final shock came in Canada re-entering the Chart in 10th spot. Canada hasn't been in the top 10 since the first quarter of 2008. Erin put forward a possible reason for Canada re-entering the chart.
"This is another sign that the pent-up demand is being released. Canada property prices were falling, and there have currently been reports that the market is close to bottom. Those waiting to see how far prices would fall, are now getting in and seeing what kind of bargains they can get," she said.
The full results of the top 10 for May are as follows:
Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada
Compared to Last Month's:
Spain
America
Greece
France
Cyprus
Turkey
Italy
Portugal
Egypt
Canada
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
To find out more contact Les Calvert or the team at: info@property-
Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-
