The British have become more active in purchasing real estate in France in 2014 due to the stable economic situation at home country and low interest rates on mortgages. The Leggett Immobilier agency, recognized as the French best for the second year in a row, believes that this trend will continue in 2015, says the ee24.com citing the opp-connect.com.
The number of transactions involving British citizens increased by 43% in 2014, and the average property cost was €300,000 (for comparison, in 2013 it was €269,000). Many purchases were fixed in the region of Alps and on the French Riviera.
Apart from the British, in 2014 housing in France was purchased by citizens from the US, Australia, the Netherlands, Ireland, South Africa, Italy and Canada. The demand among residents of Belgium, Germany and Poland has in its turn slightly decreased.
According to the FNAIM (French National Association of Realtors), in 2014 housing in France fell by 1.5%, and the total number of transactions amounted to 720,000. In turn, the agency Guy Hoquet Group believes that real estate across the country lost in the price 2.2% per year, and the Century 21 calls the figure of 2.8%. Stability and stagnation were observed in large cities, while the province got cheaper.
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