That pesky Icelandic volcano, the name of which nobody can pronounce and which spewed ash over Europe until yesterday, was not only bad for airlines, travel agents and their customers, but for estate agents selling European holiday homes and investment properties.
European estate agents estimate sales to overseas buyers were slashed by half, during the volcano's six week eruption. ProVenture Property, a company that sources German homes for investors had sales delayed when buyers could not fly over from Britain, because of the air-flight ban. The company's property viewings were down by one-third.
European train and ferry passenger numbers have boomed since the volcano crisis started, so homes close to ports and train stations may be popular with buyers now!
http://globalpropertynews.blogspot.com
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