Britons 'selling French properties to each other'

An estate agency has said that many Britons are selling up their properties in France – but other UK buyers are the main customers.

The Daily Telegraph reported that the high value of the euro and the gains this offers for sellers mean it is a good time for some to cash in, while others want to move back for lifestyle reasons.

However, the bulk of customers at estate agency Winkworth are Britons, the paper noted.

Representative of the firm Roddy Aris said the British sellers are in a good position, stating: "The advantage is that they can take lower offers than their French counterparts. They can take a bigger hit."

Such a situation may mean that UK investors can negotiate a bigger discount when buying in the country from fellow Britons.

Lifestyle reasons are a major draw for people to continue wanting to live in France, a poll of expats has shown this week.

The survey by NatWest revealed the country was the most favoured European nation for quality of life.

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