French property market remains ‘en vogue’ for UK investors
For many years, France has been attracting thousands of UK investors and holidaymakers due to its close proximity to the UK, warmer climate and fashionable lifestyle. The French property market remains ‘en vogue’ for UK investors
According to French estate agency Sextant Properties, the Brits’ love affair with France is unlikely to end because of Brexit or the pandemic. In fact, the network, which covers almost 85% of France’s regions, says that UK buyers now make up 19% of its international clients, a 9% increase since 2019.
Figures from INSEE, France’s official statistical service shows at least 150,000 Britons living in France. It was expected the number of UK nationals moving to EU countries would decline due to Brexit, a study by OECD and Eurostat revealed a significant increase in UK nationals emigrating to the EU since the UK officially left the bloc
The pandemic, on the other hand, initially resulted in a temporary decline in sales enquiries in 2020, triggered by travel restrictions & uncertainty over the economy. With the rollout of vaccines & general desire to return to some form of normality the market is beginning to pick up again and it’s only a matter of time for it to reach pre-pandemic levels.
In fact, comparing December 2020 to January 2021, Sextant Properties say they saw an astonishing 70% increase in enquiries from French and international buyers. The latest data, further indicating a revival, comes from property portal SeLoger & shows that despite COViD, the average resale prices of properties stand at €265,500 as of 2020. That’s a 6.5% increase compared to the previous year.
If you are looking for mortgage in Spain, France, Portugal, Turkey or the USA email firstname.lastname@example.org for the latest criteria
SHARE THIS BLOG