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Sales to British Buyers in 2017

Sales of French property to British non-residents fell for the third year running last year, whilst those to existing residents is on the rise.

Whilst non-resident British nationals continue to be far and away the largest group of international property buyers in France, their share of the market fell to 26% last year, down from 33% in 2016, although in line with historic trends.

Total purchases by UK non-residents was 4,527, compared to 5,492 in 2016 and 6,066 in 2015.

However, the fall in non-resident purchases was matched by an increase in sales to existing residents, up 17% from 2016 to reach 3,285. Sales to UK residents in 2016 was 2,804, with a similar figure (2,827) in 2015.

The table below shows the 5-year trend in purchases by resident and non-resident UK nationals since 2013.

Sales to UK Nationals
Year
Residents
Non-Residents
2013
1,974
3,267
2014
2,295
4,198
2015
2,827
6,066
20162,804
5,492
20173,285
4,527
Total
13,18523,550

The average spend by UK resident buyers last year was €209K, in line with previous years, whilst non-residents spent on average €252K, down from €262K in 2013.

However, these figures disguise substantial differences by region, ranging from €57K in the Auvergne to €741K in Provence-Alpes-Côte d'Azur, as is shown on the following graphic.

Source: BNP Paribas International Buyers

The most popular region for UK non-residents was, as in previous years, the Rhône-Alpes, which accounted for 15.4% of all their purchases. The vast majority of such sales were for ski properties in the Haute-Savoie.

Other regions popular with the British were Aquitaine (13%), Limousin (10.7%) and Poitou-Charentes (10%).

Related Reading:

This article was featured in our Newsletter dated 06/07/2018





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