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France most popular for overseas property buyers

Date : (News Section: France)

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France most popular for overseas property buyers
British people are still keen purchasing real estate in France as an investment or for a holiday home, according to the latest report from overseas mortgage specialist Conti.

The annual study on popular spots for property buyers found that 45 per cent of the enquiries the firm received in 2012 have been to fund the purchase of French homes.

Other popular destinations included Spain, which accounted for 33 per cent of finance enquiries.

Turkey, Ireland, Italy and the US also proved hits with those planning to buy homes.

Conti operations director Clare Nessling said: "Buyers have increasingly been sticking to locations they know and trust, which is why France and Spain are out on their own."

She cited the growing strength of sterling against the euro as one factor encouraging investors to look to European property.

This was upheld by Danny Silver, managing director at The Villages Group, who recently pointed out that France benefits from having the lowest debt levels in Europe.
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Article by +Steve Binge on behalf of Propertyshowrooms.com

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