The UK’s decision to leave the EU has not deterred Brits from buying property in France, according to luxury property specialists Home Hunts.
In the six months since the UK’s historic referendum result, Home Hunts has noted that the result of the vote has encouraged many of its clients to invest in the French property market sooner rather than later.
“We’ve had a number of British clients buying specifically because of Brexit; they want to make sure they own a property in the EU before the UK officially leaves,” said director of Home Hunts, Tim Swannie, who also reported a rise in enquiries for property specifically in Paris and the French Alps.
“The majority of these enquiries come from clients who work in finance; some are looking to relocate closer to Paris or Geneva and others are buying for investment purposes, with a view to relocation in the future,” he said.
With the uncertainty of Brexit still looming and the upcoming presidential election in France, Swannie said he expects that buyers will continue to use the current political climate to their advantage. “It’s certainly a buyer’s market at the moment and we expect it to remain that way,” he said. home-hunts.com