Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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International buyers represent 30% of French real estate purchases in 2016

The French real estate market has had the strongest year since the eurozone crisis. This is due partly to international buyers. International sales were 30% of all French real estate sales in 2016. 17% of these foreign buyers were actually non-resident French, mostly residing in London. This is considered one of the first effects of Brexit. There are around 400,000 French nationals in London. Brexit is causing uncertainty in the UK economy, which makes it more likely that these French citizens will invest their money in France instead.

Key Takeaways:

  • After the Brexit French buyers have profited by buying their properties at lower prices.
  • These purchases are non-residential, mostly skyscrapers and business buildings.
  • British buyers are selling their French properties and returning to England

“Foreign purchases accounted for 30% of French real estate activity last year.”

Read more: https://parispropertygroup.com/blog/2017/international-buyers-represent-30-of-french-real-estate-purchases-in-2016/

About the Author Rory

Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.

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