Overseas buyers are returning to Italy, reveals new research from TheMoveChannel.com. The portal’s latest Top of the Props index reveals that Italy re-entered its Top 5 countries in June, becoming the world’s third most popular destination.
Italy climbed five places to steal the third spot, rising from eight place in May. The country accounted for 2.66 per cent of all enquiries on the portal, up from 1.69 per cent in the previous month. This is the third time that Italy has been in the Top 5 this year, continuing the country’s return to the upper tiers of popularity among foreign buyers.
Italy was behind only the USA and Spain in June. Both countries held on to their top spots, with America remaining the number one destination on TheMoveChannel.com for the second month in a row. The USA’s share of enquiries increased slightly from 8.44 per cent to 9.65 per cent, accounting for almost 1 in 10 enquiries on the portal. Spain’s share of activity more than doubled month-on-month, accounting for 7.34 per cent of enquiries – its third highest level of interest recorded in 2017.
After a mild May, Portugal’s popularity also rebounded significantly, with the country climbing from sixth place into fourth place. Portugal has now been in the Top 5 in five out of the first six months of 2017. The country’s share of enquiries rose to 2.06 per cent, enough to leapfrog fifth place France (1.93 per cent).
Newcomers to the Top 10 include Cape Verde and Greece. Cape Verde climbed three places from 11th to break back into the main Top of the Props chart, accounting for 1.13 per cent of June’s enquiries. Greece also rose three places to take 10th place in the leaderboard – its second time in the Top 10 this year. Greece accounted for 0.95 per cent of enquiries in June, up from 0.92 per cent in May and its second biggest share of activity since the start of the year, when Greek property stormed the charts to become the fourth most popular market on TheMovechannel.com.
France fell to fifth place from fourth in May, while Cyprus slid from fourth to seventh, although both remain in the coveted Top 10 for the sixth and fourth consecutive month respectively. Canada climbed one place into sixth, with 1.86 per cent of enquiries, while Bulgaria rose by one into ninth, with 1.03 per cent.
