British buyers are snapping up French property bargains following the May election, in what is described as “once in a decade” conditions. Trevor Leggett, Chairman of Leggett Immobilier commented on the recent surge in demand for French property:
“It was a timely photo opportunity between David Cameron and Francois Hollande in Paris in early summer. One could almost imagine the British premier asking Monsieur Hollande whether yields are better in the 8th Arondissement or on the Cote d’Azur.”
Leggett’s sales in the first quarter jumped by 40% and, following the election result in early May things have really exploded. It’s clear that a Conservative majority has given confidence to UK buyers who see the triple whammy of low prices, cheap financing and a weak euro as an exceptional opportunity. This has created a wave of interest in French property as Brits seek bargains and buy dream properties that have been rather more expensive over the last few years.
To illustrate that last point the property above at Euros 499,000 would have cost around £417,000 in June 2013 and just £357,000 now (July 2015).
