British Buyers Rush To Move Abroad

Rightmove has analysed its search data and discovered that demand for overseas property has “rocketed” as travel restrictions ease around the UK. The property site linked the activity to the relaxation of the rules regarding non-essential travel, as holidaymakers prepare to jet off for their summer getaways. As the government made its announcement that Britons would be able to travel without quarantine on Sunday June 28, the site saw more than one million searches for properties abroad. It’s also attracted new clientele who are hoping to make their move into property away from the UK, with the number of new users on Rightmove Overseas 41 percent higher in June compared to last year. The data suggested that buyers were either looking to relocate to sunnier climes, or to secure themselves a holiday home in one of their favourite seaside destinations. Spain topped the list of searches for June, where available properties include a three-bedroom villa in Alicante with a private pool for £315,423. France was the next most popular location on the list for buyers who may be looking to stay a little closer to home especially as they could make use of the Eurostar rather than taking a flight, which may be deemed more risky. Portugal, Italy and Greece were the next most popular searches; but while Greece may not be as in demand as Spanish properties, a three bedroom villa in Crete is more affordable with prices at just £283,881.