Greece Becomes 3rd Most Popular Country as Popularity Rises
Greece property climbed an incredible 5 places to become 3rd most popular with those searching for overseas property on Property Abroad.com in May, compared to 8th in April.
Hartlepool, United Kingdom, June 26, 2009 --(PR.com)-- This shows that the pent-up demand for overseas property that analysts and commentators have been talking about it not only real, but is currently beginning to be released.
One likely cause for this is the fact that Sterling is currently strengthening rapidly against the Euro, now sitting at 1.17, up from 1.07 at the beginning of April. This makes Eurozone property an incredible 10% cheaper to British buyers than it was 2 months ago.
Greece, like many other established markets has had such a massive benefit from this, and a bigger benefit than some of the new emerging markets, because of the price drops seen on property in Greece and the established markets. Greece property and that of established markets should continue to grow in popularity throughout the year, according to Property Abroad.com director Les Calvert.
"The Pound should continue to strengthen against the Euro, increasing the popularity of property in Greece and established markets throughout the year," he said.
"This is because of the positive economic data revealed in the UK in recent days and weeks, and in fact some of the country's most prominent economists have been quoted as saying they believed the downturn bottomed in March. Meanwhile some European economies are only just sliding into recession," he explained.
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
To find out more contact Les Calvert or the team at: info@property-abroad.com
Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com
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One likely cause for this is the fact that Sterling is currently strengthening rapidly against the Euro, now sitting at 1.17, up from 1.07 at the beginning of April. This makes Eurozone property an incredible 10% cheaper to British buyers than it was 2 months ago.
Greece, like many other established markets has had such a massive benefit from this, and a bigger benefit than some of the new emerging markets, because of the price drops seen on property in Greece and the established markets. Greece property and that of established markets should continue to grow in popularity throughout the year, according to Property Abroad.com director Les Calvert.
"The Pound should continue to strengthen against the Euro, increasing the popularity of property in Greece and established markets throughout the year," he said.
"This is because of the positive economic data revealed in the UK in recent days and weeks, and in fact some of the country's most prominent economists have been quoted as saying they believed the downturn bottomed in March. Meanwhile some European economies are only just sliding into recession," he explained.
About Property Abroad
Property Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net.
To find out more contact Les Calvert or the team at: info@property-abroad.com
Property Abroad LTD
182 York Road
Hartlepool
TS26 9EA
www.property-abroad.com
###
Contact
Property Abroad LTD
Les Calvert
0845 2000 467
www.property-abroad.com
Les Calvert
0845 2000 467
www.property-abroad.com
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