A cooling property market could be tempting domestic homebuyers to look further afield, as search interest for terms surrounding foreign property purchases have climbed by as much as 157% since the start of the year.

The analysis shows that since January of this year, search interest for the term ‘holiday homes abroad’ has exploded, up by 156%.

When it comes to the destination of choice, a French property purchase has seen the largest increase in popularity, with the term ‘Buy property in France’ seeing a 112% increase.

LIS Show – MPU

Search interest for property in the United States has also climbed by 96%, with interest in the same search term for Greek properties up by 52% since the start of the year.

The term ‘buy property abroad’ is up 7%, however, searches for Italian holiday homes have remained flat, while Spain and Portugal have seen dips of -35% and -39% respectively.

But what about Blighty?

Well, search interest for UK holiday homes has crept up by just 1% since the start of the year.

But with a search interest score of 39.9, the UK remains by far the most popular when it comes to our holiday home house hunting, with the USA coming in second with a score of 16.5.

Colby Short, Co-founder and CEO of GetAgent.co.uk, the estate agent comparison site responsible for the analysis, commented:

“With house prices returning to normality in recent months following the pandemic market boom, homebuyers could be forgiven for looking further afield when it comes to making a bricks and mortar investment.

Property market performance aside, who can blame them for wanting to ditch the unpredictable British summer for guaranteed sunshine and a cheaper cost of living.

But while there may have been an increase in search popularity for foreign holiday homes, it’s fair to say that we know which side our bread is buttered, with UK holiday homes remaining by far the most popular search overall.”

Table shows the interest score and change in score for each search term since the start of the year
Holiday home search term/topic Jan 2023 ave Latest – Apr 2023 Change (%)
Holiday home abroad 6.1 15.5 156%
Buy property in France 7.6 16.2 112%
Buy property in US / United States 8.4 16.5 96%
Buy property in Greece 6.2 9.4 52%
Buy property abroad 10.3 11.0 7%
Holiday home UK 39.5 39.9 1%
Buy property in Italy 6.4 6.4 0%
Overseas property for sale 7.4 6.1 -18%
Buy property in Spain 17.3 11.2 -35%
Buy property in Portugal 11.0 6.8 -39%
Subscribe to our weekly newsletter
Stay informed with our leading property sector news, delivered free to your inbox. 
Your information will be used to subscribe you to our newsletter and send you relevant email communications. View our Privacy Policy
Property Notify
Property Notify is a leading property sector publisher reporting on breaking news and political changes affecting the UK property industry, in addition to finance, tax and investment coverage we provide a hub to explore, contribute, invest in and celebrate the property industry. - Read more.

    Increase in Number of UK Buy-to-Let Businesses

    Previous article

    Confidence is Up, But Higher Interest Rates Are Biting

    Next article

    You may also like


    Leave a reply

    Your email address will not be published. Required fields are marked *

    More in News