Britons 'looking to sell' French property

The number of Britons looking to sell French property is on the increase due to the declining value of the pound, it has been suggested.

According to the Times, many expatriates living in the country are looking to sell property and return to England as the fall in the pound against the Euro has resulted in the cost of living in the country increasing.

The past year has brought an average ten per cent fall in the value of property in southern France, while deals there have seen discounts of up to 25 per cent on transactions that have already been signed.

"In the last three months there haven't been many British buyers because they're terrified," Stephanie Ward of the Valadie estate agency told the news source.

Overseas buyers looking to invest in southern France property may be able to take advantage of the trend and obtain a discount on their purchase.

Currency expert James Hickman recently told the Times that such people should fix an exchange rate as soon as possible.