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The value of a domain is not defined just by search volume. There are many criteria to be considered as well.
The name should make sense and have an obvious purpose. Then some extensions are more in demand than others. if you are looking to resell domains, .eu is not the easy road.
this was a money making exercise that made someone money but unfortunately it's a popular choice among spammers, also google has realised this and very rarely gives this extension much thought, another way of thinking about this extension is what language would you opt for ? German, English :?:
not everybody in Europe speaks the same language ?
You mean for SEO ?
In the EU ccTLDs are dominant, .eu is redundant and doesn't enjoy the same level of trust and recognition.
And traditionally everything related to the EU doesn't get good press.