Brexit boost

Living France - - Les Pratiques -

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.

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