Sales to British Buyers in 2017
Friday 06 July 2018
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|
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%).
This article was featured in our Newsletter dated 06/07/2018