Brits buying property in France

26.07.2011 14:44
Articles about real estate | Brits buying property in France Among the buyers of French property an increasing number of foreign clients: mainly from Britain, but scarce and buyers from Australia, New Zealand, South Africa and the USA. Buyers from Russia and Asian leaders were not included in the number of transactions, but they buy the most expensive objects.

The number of foreign property buyers in France is growing: according to the site Property Community, the 2010 real estate sales to foreigners have increased by 21%. In 2010, foreign citizens have become owners of real estate 51.2 thousand in France, in 2009 this figure was 42,3 thousand

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There is growing interest in the expensive real estate in prestigious areas of the country like the Cote d'Azur: increased number of transactions in the segment above 238 thousand Euro per object.

Perhaps such an interest in the French home was the result of the abolition of tax on the holiday property owners who do not lease. This tax was to partially fund the development of infrastructure and services in France, which foreigners enjoy being in the country. With the abolition of the decision to enter such a tax second home ownership in France is more profitable for foreigners.
Content tags: Overseas property
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