Overseas mortgage enquiries jumped 62% in August

Overseas mortgage specialists Conti says it saw a 62 per cent increase in mortgage enquiries during August which the company says has been its busiest so far this year.

Despite ongoing concerns about the health of the Eurozone’s economy, Conti says that greater numbers of potential buyers are looking to purchase in the region.

France remains the destination of choice for prospective buyers overseas, accounting for 43 per cent of enquiries this year while Spain was the second-most popular location with 36 per cent.

While France has long been the favoured destination for overseas buyers, statistics show that enquiries for France dropped by two per cent since August last year while Spain is up by three per cent.

Enquiries about Turkey are up four per cent this year with the country now accounting for 10 per cent of all enquiries, placing it in third place.

Conti director Clare Nessling says: “Traditionally our enquiry levels tend to rise around now, as people return home from trips abroad with dreams of owning their own place in the sun.

“But the uplift is even higher this year, perhaps the result of the UK’s hottest, driest and sunniest summer since 2006 inspiring more people to inves in an overseas bolt-hole which they can escape to during the cold winter months.”