Recently research reveals that a surge in British investors is significantly boosting overseas activity in the French property market.
Research carried out by BNP Paribas and the Notaries de France shows that the number of properties bought in France by overseas residents grew by 6 per cent in 2018, with British nationals driving French property market growth.
The UK is the largest single group of overseas purchasers, accounting for 27 per cent of all purchases by non-residents in France. The number of transactions by UK buyers alone grew by 3 per cent last year.
“Even with the negative publicity surrounding Brexit, British buyers maintained their interest in the French market, pushing forward to take advantage of continuing low euro mortgage interest rates,” explained Guy Stephenson, director of expat mortgage brokers Offshoreonline, “The stability of the market, which again edged up in value terms in 2018, offers buyers additional reassurance too.”
Paris, Provence Alpes Cote d’Azur and the South West region of Nouvelle Aquitaine remain among the most popular locations in France for overseas buyers, with Brits particularly drawn to the latter, where the ever-popular Dordogne is located.
Article published 8th July 2019