THE TRUMP EF­FECT

Living France - - THE ESSENTIALS -

The elec­tion of Don­ald Trump as pres­i­dent of the United States is en­cour­ag­ing well-heeled Amer­i­cans to buy prop­erty along the French Riviera, ac­cord­ing to one prop­erty ex­pert in France.

Paris-based es­tate agent Adrian Leeds told The Hol­ly­wood Re­porter that along with low in­ter­est rates and a strong dol­lar, Trump in the White House has con­trib­uted to a surge of in­ter­est in the French prop­erty mar­ket from the US. “My phone started ring­ing the morn­ing af­ter he be­came pres­i­dent and it hasn’t stopped since,” she says.

Leeds pin­pointed buy­ers who had big bud­gets and those who wanted to in­vest their money in “back-up homes” as the main in­vestors.

“There are peo­ple who have prof­ited from the stock mar­ket, and they don’t know what ef­fect Trump is go­ing to have go­ing for­ward, so they’re look­ing for some­where to put their money,” Leeds said.

Leeds is not sur­prised that US buy­ers are choosing the Riviera to in­vest in, given its glam­orous charms. “The beau­ti­ful land­scapes, the quaint vil­lages, the pris­tine coast – it’s just so taste­ful and so ele­gant,” she says. “I don’t care where you’ve been, noth­ing holds a can­dle to the French Riviera.”

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