British Buyers Snapping Up French Bargains
Leading international estate agent Leggett Immobilier reports that the number of British buyers of French property has exploded over the last 12 months.
Their own figures show an increase in sales of over 40% in the first six months of 2015 while recently released research from BNP Paribas confirms the story.
The BNP Paribas figures show that there were 13,823 sales to non resident buyers in 2014 which was a slight increase (1.5%) over the previous year. The real story though is the fact that British buyers accounted for a third of these sales which was a staggering 33% increase.
Trevor Leggett, Chairman of Leggett Immobilier, comments:
“This is a once in a decade confluence of low prices meeting a weak euro with the added bonus of cheap financing thrown in – whilst British buyers are leading the way we’ve also seen an increase in buyers from the USA, Asia and Australia, all taking advantage of the current currency rates”.