THE TRUMP EFFECT
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.”