British buyers are flocking to France despite Brexit uncertainty. More British people bought in 2018 than 2017, according to the latest figures.
The annual data, released by BNP Paribas International Buyers, shows that sales of French property to British buyers increased by 5% in 2018 despite the uncertainty caused by Brexit. Trevor Leggett, Chairman of Leggett Immobilier, says that even this figure is behind the times and that the first six months of 2019 have seen a record number of enquiries from UK buyers.
“The BNP figures only tell half the story – the 5% increase in sales was a surprise given all the scare stories, but our sales since January have been through the roof. Buyers see a combination of low prices and cheap financing and are voting with their feet. Nouvelle Aquitaine, Occitanie and Auvergne Rhone-Alpes are leading the way in terms of destination, but the truth is we are selling right across the country.” Slightly over 8,000 properties were bought in France by the British last year, with 3,300 of these being bought by Brits who were already living in France.
British buyers make up 27% of all sales, with Belgians (18%) and Germans (7%).
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Property ref: 89217SHH16