Wednesday, October 05, 2011
International property buyers flock to France
I was up early this morning looking through some of the stats from around the FrenchEntrée Property Finders network.
One noticeable trend is the increase in buyers from around the world. Of course, we get our fair share of mandates from UK residents looking to appoint a buying agent in France but take a look at some of the other countries that our clients have bought from in the last 12 months.
If you add in countries that we have current mandates from then this list increases further.
Perhaps I shouldn't be surprised. For any international purchaser looking to buy a house in France it must be a daunting prospect and instructing a professional to act purely on your behalf will be a natural reaction.
Central London is seeing a huge amount of interest from international buyers at the moment - investors see prime property as a safe haven in these turbulent times.
French property offers a similar kind of appeal. The property market here is traditionally one of the most stable in the world and we have an economy that is amongst the strongest in Europe. Both Savills & Knight Frank have recently identified France as a place the world's wealthy want to buy and it's clear from our figures that this is the case.
Our agents work well with vendors, local immobiliers and notaires all over France and another interesting stat to come out this morning was that we have helped clients buy property in a price range that stretches from €52,000 to €4,500,000.
Looking at the lower figure perhaps it's not just the super rich that know a good thing when they see it.