France benefits from holiday home purchasers

New figures have shown that last year an increasing number of British investors purchased a holiday home, rather than an investment or buy-to-let property.

Holiday rental company HomeAway.co.uk published statistics detailing the amount and type of investors who were stalking the overseas housing markets in 2009, before releasing details of the types of purchases witnessed.

Among the regions to benefit from the return to the traditional holiday home is France, which attracted Brits thanks to its good weather and quality of life.

Su Bishop from developers Arena Park France, specialists in Burgundy, described 2009 as a turning point for the company.

She continued: "As the purpose-built identikit resorts spread across once virgin coastlines fell from favour, there was a marked return to a real home in a real village surrounded by real native neighbours.

"Today our clients tend to be better off [and] do not necessarily need mortgages."

The National Association of Estate Agents International recently predicted that house prices in the country would be at the most affordable for years during 2010.

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