Brits Eye Australian Property Investments

More and more Britons are expressing an interest in purchasing property in Australia, as signs materialise of a drift away from the traditional overseas property markets of France and Spain.

Currency firm HIFX says that the winter months saw enquiries relating to buying houses down under increase by a factor of three, while France and Spain saw a decline of around five per cent.

Enquiries about property have in general increased by 12 per cent this month as people seek solace from this winter and perhaps those of the future.

HIFX director Alex Wright said: "Last month we reported on the recent interest in buying property in Dubai. This month we have seen a lot of interest even further a field, notably in Australia and New Zealand.

"Although France and Spain do still have solid sales volumes, interest has shifted as British consumers want to travel beyond the traditional European borders. We have seen an interest in Australian property triple in one month."

Places such as Bulgaria, Cyprus and Turkey also make an impression in the top twelve sought-after destinations for property investment, showing that the imagination of the British public is broadening in this regard.