UK buyers invest online

UK buyers have come second in a Google trends survey of countries that are searching for foreign property investment on the web.

Although property related searches in the UK as a whole decreased from last year, emerging overseas property destinations - such as Dubai and Egypt - are bucking the trend.

Google trends, which provide customer data for agents and developers, also reported that searches for the more popular holiday destinations of Spain, Portugal, Cyprus, France and Florida have remained steady.

Google commenting on the results said: "The UK and Ireland still account for the majority of searches.

"They may not be buying as much as this time last year but they still account for a large percentage of the market."

According to the Office of National Statistics (ONS), 250,000 British people now own a property abroad, with a further one in ten buying abroad now looking to do so in Bulgaria.

Overseas Property News posted on 23/06/2008 16:56:07