Strong pound sees brits pounce on french property

The French Riviera, an established favourite among property buyers in France - now even more affordable Photo credit: Sharon.Schneider

Agents, mortgage brokers and currency exchange specialists are all reporting increases in interest from British property in French property. Indeed, sterling has recently reached a 12-month high against the euro, combining with low property prices in France to create an ideal buying opportunity.

“Of course, there’s also the added appeal of easy access from the UK, better weather and the way of life so adored by British Francophiles," Mark Bodega, of currency firm HiFX, told Connexion France.

The tide has turned just as Britain's own housing market has begun to recover, with rising house prices boosting confidence among those looking to sell, making a move abroad more feasible than ever.

Pippa Maile of Currncies Direct added: “It’s a buyers’ market due to the recent crises, house prices are at an all-time low and there are some attractive offerings. Also, British buyers in France are very resilient and also very financially savvy. They wait until the waters settle and then they continue with their plans as before. The love that the Brits have for France will last for years to come!”

Mortgage brokers are witnessing rising demand too, with IPF telling the magazine that their number of new clients surged 70 per cent in December 2013 year-on-year, highlighting the Alps as a particular hotspot for investment.

"There is also activity in Charente, Limousin and Languedoc-Roussillon with projects being realised at an average of between €75,000-€150,000," added the broker. “Interestingly, we have also seen an enormous growth in the high-end market again, France-wide.”