More brits hunting for overseas real estate

Interest in foreign property purchases is once agan booming amongst British buyers, with online property portal Rightmove and foreign exchange specialists MoneyCorp both reporting a large surge in enquiries.

Real estate enquiries rose by 53 percent in February on Rightmove, with Spain retaining its popularity as a second home destination despite its much publicised housing collapse.

Other popular destinations for purchase enquiries were France, the USA and Australia, with Germany and Ireland also recording large amounts of growth due to their desirability as bargain investment locations, according to Rightmove CEO Robin Wilson.