Industry NewsInternational

Post-Brexit, fewer Brits seem to be searching for homes internationally

Data from realtor.com indicate that interest in buying a home overseas has dropped among UK residents
  • "Views to properties on realtor.com from the United Kingdom have followed a downward trend post Brexit, and this has been particularly evident this year," said realtor.com.

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Last fall, Inman reported that annual growth in realtor.com's international listing views from potential buyers in the U.K. "dropped sharply in July, the month after Brexit." And the downward trend continued in August. Has it reversed itself? Has the invocationĀ of Article 50 in March of this year -- the first step in actually detaching the United Kingdom from the European Union -- had any effect on search patterns? A downward trend "Views to properties on realtor.com from the United Kingdom have followed a downward trend post Brexit, and this has been particularly evident this year," said realtor.com's Janice McDill in an email. The real estate portal reported that "views from UK users were virtually flat" in November and December 2016 -- meaning that the number of people in the UK looking at homes in the United States did not show growth between November 2015 and November 2016, or between December 2015 and December 2016. And in January, growth shrank; realtor.com reported ...