Research out this week from Conti, a financial services group, shows that France is extending its lead as the most popular place for UK property purchasers.
You can see their full press release here.
They say that France remains the top place for Britons buying properties overseas, accounting for twice as much interest as any other country.
The research also shows that 43% of the inquiries Conti had received so far this year had been about France, up from 31% in 2009.
Interest from potential British buyers has tripled during the past two years as people took advantage of reduced property prices and low interest rates.
It added that the French mortgage market was also very stable, due to the conservative approach adopted by the country's financial institutions in the past. Banks in the country are in a strong position to lend and many will still advance 100% of a property's value.
Of course there is a huge difference between making an enquiry and signing the Compromis de Vente but this research does make me a tad more optimistic about things for 2011.
Hopefully I will experience this demand first hand when I meet some of you at The France Show in a few months time.
www.cognacproperty.com
1 comment:
Really interesting reading info about a different property market than the UK. Refreshing to hear that banks in France are in a strong position and actually know what they are doing!
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