EXCLUSIVE: Continued political turmoil resulted in foreign property buyers and investors shunning Thailand last month, and saw the kingdom drop out of the top ten most-searched countries on a leading overseas property website.
In its monthly Top of the Props research, U.K.-based overseas property portal TheMoveChannel reported Thailand was the 12th most-searched country by visitors to its website.
The ongoing political crisis has seen the country out of the top ten for the first time in many months, although it still retained its position as the most-searched country for overseas property investments in Southeast Asia, according to the website.
Elsewhere, property buyers are going back to Greece as demand for Greek property has increased, taking the country back into the ten most popular destinations for the first time in seven months.
Greece accounted for 1.84 percent of enquiries in March 2014, taking the country back up to 10th in the Top of the Props chart last month. This is only the second time that Greece has appeared in the top ten in the last 18 months, as buyers return to the country, attracted by low real estate prices.
Buyers went back to Italy too, with the country climbing four places to enter top five for the first time since August 2013. Italian property received 3.08 percent of enquiries on the site, enough to leapfrog buyer favourite Brazil, which fell to seventh place.
The United States remained the most popular property market in the world, accounting for 15.66 percent of all enquiries on TheMoveChannel. The rest of the top five was made up of European destinations, as Italy joins second place France, third place Spain and fourth place Portugal.
Andrew Batt, International Group Editor of PropertyGuru Group,
wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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