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TODAY'S OTHER NEWS

Brexit fails to dent British demand for French property

As Prime Minister Theresa May prepares to trigger Article 50 to start Britain’s complex negotiations to exit the European Union, it would appear that demand for French property from British buyers remains strong, fresh figures show.

Enquiries from UK purchasers looking to acquire property in France has increased by 34% over the past three months when compared with the corresponding period last year, according to the latest statistics released by Leggett Immobilier.

“We’re noting increasing demand from serious buyers,” said Leggett chairman, Trevor Leggett.  “Those people have thought carefully about their decision before deciding to buy a home in France.”

The latest home price data shows that property prices in key cities across the country have increased, supported by growth demand from buyers.

The latest figures from Meilleurs Agents reveal that prices in Bordeaux increased by 2.3% month-on-month in February and by 1.2% in Paris.

On an annual basis, Lyon saw prices rise by 5.4%, Marseille, Montpellier and Toulouse recorded 2% growth, while Strasbourg, Lille and Nice posted a rise of 1% year-on-year.

“This [rising demand from British buyers] would indicate a strengthening [French property] market which appears at last to have bottomed out,” Leggett added. 

  • Simon Oliver

    It's true that 'viewings' from UK buyers are increasing ... but they are not buying! They all say "We'll sign when we see how Brexit will turn out" which means ... not in the next two years.
    Meanwhile the Swiss, Belgians and refugees from America are snapping up the bargains.
    At least, this is our experience in SW France over the past 6 months regarding sales of gite businesses.

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