Overseas interest up in May

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EXCLUSIVE: Overseas interest in Thailand property surged during May despite the imposition of martial law and the subsequent coup.

In its monthly Top of the Props report, property searches for Thailand property on TheMoveChannel.com – a U.K.-based overseas property website – increased substantially and saw the kingdom move to the sixth most popular country ranked by searches.

According to Dan Johnson, Director of the website, Thailand is witnessing a steady turnaround in interest from overseas property buyers and investors. The kingdom accounted for 4.15 percent of all searches – up from 2.31 percent just one month earlier.

He noted that searches for both Phuket and Pattaya property were more popular than Bangkok.

Elsewhere Brazilian property is already enjoying a World Cup boost. The country was the third most popular country last month as demand from overseas buyers reached a seven-month high and accounted for 5.9 percent of all enquiries.

U.S. real estate was the most popular for the 11th month in a row, though in real terms America’s number of enquiries has fallen steadily for three consecutive months. U.S. property accounted for 14.63 percent of enquiries last month.

A growing number of buyers are going back to Europe, with demand for familiar lifestyle markets either staying the same or improving. French property remains the second most popular in the world, accounting for 6.6 percent of enquiries.

One of the best performing property markets on the website was the United Arab Emirates. Its ranking rose for the second month in a row in April, with enquiries up from 1.44 percent to 2.61 percent, taking it inside the top 10 for the first time. This record level of demand is fuelled by Dubai, which remains one of the most attractive markets in the world for international investors thanks to soaring prices in recent months.

Source: DD Property.

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