Brits planning to take out
annual multi trip insurance to visit possible overseas property investments have been advised to temper their enthusiasm.
Adam Samuel, director at Nubricks.com, said although many property prices are at an all-time low at present, people should remember the market is still volatile and there is further room for reductions, as well as growth, over the months ahead.
He commented: "Searches are definitely up in a lot of parts [of the world], but we need to be cautious about what that means in terms of actual recovery. A lot more people are looking at what is available and considering where to invest."
According to the latest Primelocation International Search Index, searches for international property increased by 134 per cent between January 2009 and 2010 and by 25 per cent compared to December 2009.
Spain, France and the United States remained the three most popular foreign property locations, while Australia jumped from eleventh to sixth on the list, with a 26 per cent monthly increase in searches.
InsureandGo provides annual multi trip insurance for Brits planning frequent trips abroad.
