France popular with Brits buying abroad

France is proving more popular than ever with investors buying property abroad, according to mortgage firm Conti.

According to the company's figures, the country has a massive 43 per cent share of mortgage enquiries made this year, marking an increase of 12 per cent and suggesting that a greater number of people are looking at Rhone-Alpes property and Aquitaine real estate listings.

Spain was the second most popular nation in terms of mortgage enquiries, accounting for 24 per cent.

Clare Nessling, Conti’s operations director, said: "The percentage of people enquiring about French mortgages has more than tripled over the last two years, and it’s currently out on its own as far as popularity goes.

"Not to be outdone, however, Spain is still holding on strong, and has experienced an increase in enquiries over the last year, despite the negative headlines, and still accounts for a quarter of enquiries received."

She added that the figures suggest people are favouring tried and tested locations when it comes to investing in overseas property.

Last week, it was reported that French fixed-rate mortgages have hit historic lows.
 

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