France is the most popular destination for overseas property purchase, according to the latest ‘hot spots’ report compiled by overseas mortgage specialist, Conti.

The country took a 43 per cent share of mortgage enquiries received by the company this year, an increase of 12 per cent compared with the same period in 2009.

Still in second place is Spain. Despite the doom and gloom, it has defied the odds, claiming an impressive 24 per cent of enquiries. Turkey, holding on to third position, continues to enjoy a booming market.

The only other country to see a significant increase in enquiries is the USA. Florida, where property prices have plummeted over the last couple of years, is particularly popular, with many homes being sold for less than it cost to build them. A Conti client recently bought a two-bed property in Orlando for $65,000, when in 2006 it sold for $210,000.