US surges ahead of Spain as top overseas destination

The United States has overtaken Spain has the most popular destination for overseas property buyers according to new figures from portal TheMoveChannel.com.

The website’s ‘Top of the Props’ report for November saw the US surge ahead of the traditional top dog Spain with a 7.01% increase in the level of enquiries.

Spain’s enquiries by contrast fell by 2.38% from October to November.

TheMoveChannel.com’s managing director Dan Johnson said: "After climbing three places in as many months, the US continues to attract more and more overseas investors.”
“Florida remains a popular lifestyle choice and with US houses the most affordable they have been in 15 years, the troubled Eurozone just can't compete with the low price of American real estate. It's no coincidence that the US is the only country to rise above the four familiar European markets.”

Brazil also performed strongly in the report, jumping into the top ten.
"Brazil is another strong area of growth,” added Johnson. “Sports and tourism have boosted international awareness of its real estate developments. As a result, investors are turning away from Europe and heading to North and South America, where the economic future seems far less uncertain."