The French luxury real estate market always attracts foreign investors. According to a study conducted by French notaries for the period from 2006 to 2016, a real craze for for older properties has emerged from foreign buyers. Despite significant variations due to the previous financial crisis, this trend continues today.
The influence of foreign investors in the luxury real estate sector
A foreign clientele interested in old real estate
During the ten-year period at the heart of this study, 6 percent of real estate purchases in France were made by foreign clients. Among them, there was a clear predominance of buyers from Great Britain, Italy and Belgium. On their own, they represented nearly 60 percent of real estate purchases made by foreigners in France.
The study highlighted the perennial attraction of French properties to British customers. Among foreigners who bought a residence in France between 2006 and 2016, almost a third (32 percent) were from Great Britain. Italians and Belgians (14 and 12 percent respectively) completed this podium. The other nationalities represented were more marginal, with shares estimated at 6 percent for the Swiss, 5 percent for the Dutch and 4 percent for the Germans. Spanish, Portuguese, American and Irish buyers (less than 3 percent each) were also noteworthy.
UK real estate investors strongly represented
Once the purchasing power of British customers returned to normal, real estate acquisitions bounced back. Despite the threat of Brexit, buyers from Great Britain remain particularly active in France. Properties in rural areas (Central West, Southwest, Alps) are preferred.
The Paris greater area and the French Riviera highly targeted
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