SPAIN was the most popular investment destination for British overseas property investors according to a survey published last week by themovechannel.com.
Spain was followed by France in second place and the USA in the number three spot. These were followed by Portugal and Italy, in fourth and fifth places respectively.
Brazil sneaked into sixth place, followed by Bulgaria. Rounding off the August Top of the Props chart was Turkey in eighth place, followed by Cyprus. Barbados took the final place in the property investment popularity contest, coming in at number 10.
The full breakdown of the move channel’s Top 40 is as follows:
| Rank | Country | Share | Change |
|---|---|---|---|
| 1 | Spain | 12.34 | Non-mover |
| 2 | France | 9.2 | Non-mover |
| 3 | USA | 6.75 | Non-mover |
| 4 | Portugal | 6.1 | Non-mover |
| 5 | Italy | 5.89 | Non-mover |
| 6 | Brazil | 4.22 | Non-mover |
| 7 | Bulgaria | 3.31 | Up 4 |
| 8 | Turkey | 3.22 | Down 1 |
| 9 | Cyprus | 2.77 | Down 1 |
| 10 | Barbados | 2.47 | Up 4 |
| 11 | Cayman Islands | 2.43 | Up 17 |
| 12 | Thailand | 2.33 | Down 3 |
| 13 | Morocco | 2.24 | Down 1 |
| 14 | Cape Verde | 2.17 | Up 1 |
| 15 | Greece | 2.02 | Down 5 |
| 16 | Germany | 1.97 | Up 1 |
| 17 | Malta | 1.64 | Down 1 |
| 18 | Slovenia | 1.5 | Up 6 |
| 19 | Poland | 1.38 | Non-mover |
| 20 | Canada | 1.12 | Non-mover |
| 21 | Croatia | 1.08 | Up 4 |
| 22 | India | 1 | Down 4 |
| 23 | UAE | 0.99 | Down 1 |
| 24 | Hungary | 0.9 | Down 3 |
| 25 | St Lucia | 0.73 | Down 12 |
| 26 | Mexico | 0.63 | |
| 27 | Egypt | 0.59 | Down 4 |
| 28 | Montenegro | 0.46 | Up 2 |
| 29 | Switzerland | 0.45 | Down 3 |
| 30 | Jamaica | 0.35 | Down 1 |
| 31 | Australia | 0.34 | Up 1 |
| 32 | Nicaragua | 0.31 | Up 13 |
| 33 | Malaysia | 0.3 | Non-mover |
| 34 | Czech Republic | 0.28 | Up 12 |
| 35 | Tunisia | 0.28 | Non-mover |
| 36 | Bahamas | 0.24 | Down 2 |
| 37 | Indonesia | 0.21 | Down 10 |
| 38 | Panama | 0.21 | Up 3 |
| 39 | Philippines | 0.16 | Down 2 |
| 40 | St Kitts and Nevis | 0.16 | Down 1 |
Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with more than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.
I wonder if they have taken into account the thoughts and views of people who have been robbed by lawyers, developers, banks, estate agents, etc etc.
Andrew, Robert and Costas are all right in their comments.
At least Cyprus is heading in the right direction. More and more people will do their homework and realise that without title deeds, Cyprus is the wrong place to invest.
After all the horror stories here, touching anything without Title Deeds are these people ate totally stupid?
I bet it would be a very different table if buyers’ opinions were canvassed 2 years after they had purchased their properties.
It goes without saying that buyers would not rate Cyprus very highly after having paid in full for their Cypriot property only to discover that they don’t legally own it, can’t resell it, and sometimes find out latterly that their developer has taken a second mortgage which is an encumbrance against their property.
In these circumstances I wouldn’t be surprised if Cyprus was rated below third world, Banana Republics.
More like ‘Top of the Flops’ really!