Brexit hits house sales but Brits still biggest buyers

British house-hunters are still the most active non-resident foreign buyers in France but numbers have fallen since the 2016 Brexit vote and the pound’s slump against the euro.

They have been the biggest foreign investors in French real estate over the last 10 years but there has been a fall in the numbers living outside France who have opted to buy a second home here.

Britons bought 67% of property sold to foreign nationals between 2007 and 2017, excluding purchases by British people living in France, figures from Notaires de France showed.

But between 2015 and 2017, there was an 8% drop in the percentage of Britons choosing France for a second home. In 2015, UK buyers made up 34% of foreign non-resident buyers but by 2017 this had fallen to 26%.

Notaire ...

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