Some property buyers still showing confidence
There are conflicting reports as to the effect of Brexit on British interest in buying French homes – some say trade is brisk while others say uncertainty is putting people off.
Meanwhile, the Franco-British Chamber of Commerce and Industry says it is fighting for ‘pragmatic’ solutions so businesses are not hurt.
The chairman of Leggett Immobilier, Trevor Leggett, said: “Since the referendum there was a dip in enquiries from the UK then it bounced back and over the last three months enquiries are up 30% on last year and last year was a pretty record year. Offers accepted by our agents in January and February were up 34%.
“Our research shows Britons buy because they love the climate and quality of life. Economic and political issues come much further down the list.”
He added: “Some people may see it as an opportunity to buy a slice of France and if they are worried about the UK leaving the EU they will still have a foothold over here; but the biggest factors are quality of life and cheap financing.”
Another estate agent, who asked not to be named so as not to appear negative for customers, said: “It has impacted on the business. People are hesitating because of the exchange rate and a nervousness about what will happen and how things will change. People are also waiting to see what will happen in the French elections.”
Franco-British chamber president Olivier Campenon, said: “I hope goodwill will prevail and the EU27 and Britain will both understand the importance of business to both sides and we will have a win-win situation where we continue to do business with a limited number of changes.
“Hopefully there will be a pragmatic solution. We are questioning members about possible post-Brexit scenarios, to make sure the negotiators know what they are talking about.”
He is keen there should be no visa or business permit requirements, for French businesses in the UK or vice versa, and no customs changes.
“We might be in a tunnel for two years without knowing what will happen at the end of it.
“But people remain optimistic. The trigger of article 50 is just the beginning of negotiation and says nothing about the outcome, so we should continue as we are.”
