Investors Eye Mediterranean Property Markets

A growing number of UK property investors are looking at the opportunities available to them in Mediterranean markets, new research has suggested...

A growing number of UK property investors are looking at the opportunities available to them in Mediterranean markets, new research has suggested.

The latest report from Rightmove International has reported an increase in buyer interest in European destinations such as Ibiza, Sardinia, Portugal Cyprus and Greece. The firm believes that the recent bout of good weather in the UK has prompted the increase in search numbers from potential investors.

Shameem Golamy, head of overseas sales at Rightmove, said: "The current climate means that if you are a buyer, you are spoilt for choice amongst the hundreds of properties with huge price reductions available, all over the Mediterranean."

Meanwhile, searches for properties in countries that have been downgraded on the international financial markets have also seen an increase, with both Portugal and Greece rising sharply in searches.

Mr Golamy noted that this rise in interest could be from savvy investors looking to cash in on the economic uncertainty in those territories, or simply those looking to research property prices before flying away to enjoy the holiday season.

- Tuesday 19 April 2011

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