Brexit is no barrier for househunters
Posted on 12th January 2018
Uncertainty over Brexit is not stopping buyers from seizing the chance to make a French property purchase, it seems. With prices in rural France stable and bargains still to be had, a visit to the French Property Exhibition is a must.
There’s a renewed energy for buying in France following a wobble earlier in the year, according to a recent French Property News survey of its social media followers. In March 2017, a survey of followers revealed that four out of 10 respondents had decided to put house hunting on ice until the implications of the split with the EU became clearer. However in a similar survey conducted in November most respondents said they were intending to buy with five years, indicating that buyers are no longer prepared to put off their purchase. The responses revealed a range of motivations for buying, including a desire to keep one foot in Europe after Brexit.
“We’ve seen it before, during the recession for example,” said French Property News editor Karen Tait. “People hold off buying while they wait for answers or an improvement in exchange rates, but in the end their plans to buy a property are too important to put on hold for very long.”
The French market has picked up since Emmanuel Macron became President in May 2017. The resulting upsurge in house sales in France might be driving UK buyers to take advantage before prices rise steeply. The good news is that prices in rural areas, which are traditionally favoured by the British, have remained stable. According to the rural land agency SAFER the average price of a home in the French countryside is just €160,400. In many areas it’s under €100,000, less than 50% of the average cost of a house in the UK.
For anyone thinking of buying in France in the next few years, the French Property Exhibition is a must-visit. Estate agents will be on hand to answer questions and provide local market knowledge. It’s also a chance to talk to other professionals in the property process, from removals companies to tax and legal advisers. Anyone attending the free seminars will also benefit from a wide range of expert advice on many aspects of buying and living in France.
Click here to see the property seminar schedule
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