Currency exchange rates 'do not always influence property purchase'

Currency exchange rates are not necessarily the main influence when it comes to deciding to buy a property overseas.

This is according to Robin Wilson, head of overseas at Rightmove.

According to Mr Wilson, purchasing a home abroad has "more to do with personal circumstances than goings on in the currency markets".

He added: "It's not surprising that traditional destinations are taking the lion's share of interest in this survey given that the majority of buyers in the market now are lifestyle-focused."

The comments follow a report from Primelocation.com, which revealed that international property searches increased by 108 per cent between August 2009 and the same month this year.

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Posted by Sarah Pitton