The number of people searching for property in Turkey on internet property searches has risen by over 250% this year in comparison to the same period last year, according to statistics from PropertyIndex.com.
The latest figures from PropertyIndex.com show searches for property in the US have fallen 57% while those for Spain have increased by 26%. This time last year the US was one of the most popular destination in terms of overseas internet property searches but this year it has dropped below Portugal, Cyprus, Italy and Greece,
Overall 3.33% of searches during January and February 2009 were for property in the US, down from 7.73% in the same period in 2008. While searches for real estate in Spain have jumped from 18.6% in 2008 to 23.4% this year. Turkey also performed well, recording 7.18% of searches in 2009 compared with 2.83% in 2008.
Those countries experiencing a decline in interest include France which dropped from 18.95% to 13.24% of property searches in 2009 compared to January and February 2008. But it is still the second most popular country after Spain.
Others include Portugal at 7.17%, Bulgaria at 5.81%, Cyprus at 3.41%, the United Arab Emirates at 2.17%, Malta at 1.03%, Morocco at 0.96% and Cape Verde at 0.69%.
The overall average house price searched over all countries dropped 9.4% from €227,680 in January and February 2008 to €206,218 in 2009.
In the US interest is in lower priced properties with the average house price searched falling from €895,170 €503,473. Spain saw a slightly lower drop in price with average price of properties dropping from €489,987 to €334,020.
In Turkey the searches in 2009 are for more expensive properties. The average house price searched in Turkey jumped from €74,718.95 in 2008 to €90,154.76 in 2009.