UK house hunters lead 6% growth in French non-resident property transactions
Figures release by BNP Paribas and the Notaries de France show the number of properties bought in France by overseas residents grew again in 2018 by 6%. UK nationals remain the largest single group, accounting for 27% of all purchases by non-residents in France. The number of transactions by UK buyers alone grew by 3%.
Commenting on the figures, Guy Stephenson, director of expat mortgage brokers Offshoreonline said, “Even with the negative publicity surrounding Brexit, British buyers maintained their interest in the French market, pushing forward to take advantage of continuing low euro mortgage interest rates. The stability of the market, which again edged up in value terms in 2018, offers buyers additional reassurance too.”
Key regions for overseas buyers remain Paris, Provence Alpes Cote d’Azur and the South West region of Nouvelle Aquitaine, where the British continue dominate in areas such as the Dordogne.
Fixed rate mortgages now account for 47% of all loans, with the typical buyer likely to be aged 50. Interest only loans remain popular, accounting for 22% of all loans offered by BNP to overseas residents.
Offshoreonline.org is offering overseas and expat buyers of French properties euro mortgage interest rates starting from 1.21%.
Editor notes
For further press information:
Guy Stephenson +44 (0) 20 8333 9125
Email: [email protected]
Note to Editors
Offshoreonline.ORG is a UK based specialist expatriate and international broker offering advice on UK, French, Italian, Portuguese and Spanish mortgages. Offshoreonline.org is the website of Expat mortgages Limited, an FCA regulated entity.
Offshoreonline.org .org pioneered the concept of the discount broker in the expatriate market when it started offering no and low fee deals in 1998.
Overall, the company aims to bring high quality UK regulated broking services to UK expatriates worldwide in the areas of UK and euro mortgages. The company is UK regulated by the FCA for credit broking business, giving offshore customers the reassurance that they are dealing with a reputable organisation.
« Back to News
Latest News
- UK Housing asking prices see smallest February increase on record
- Optimistic signs in expat buy to let market as mortgages rates fall and prices stabilise
- Expat UK property investing: Three positive signs, thinks broker
- Expat buy to let market still strong after two rate rises, says broker
- Recovery and strength in the UK housing market for 2022?
- Expat broker optimistic on post Covid UK buy to let housing market
- Broker warns over mortgage payment holidays
- Buying UK buy to let property after lockdown – expats will have the upper hand, thinks broker
- Expat lenders react to keep expat mortgage deal flowing during COVID-19 crisis
- Coronavirus impact on UK housing might be short lived, thinks expat mortgage broker
- Getting a mortgage whilst living abroad or getting a mortgage after you have moved abroad.
- What Happens when my UK Expat Mortgage Expires?
- Buy to let bargains abound, thanks to Brexit effect, thinks broker
- Expats increasingly vulnerable to new build deposit loss
- UK house hunters lead 6% growth in French non-resident property transactions
- Expat Buy to Let Mortgage Rates Cut Again
- Brexit fears give expats the edge, as UK buyers shun property
- Mortgage tax changes in Spain help buyers
- Expat mortgage broker predicts banks will not pass on full Base Rate rise to mortgage holders.
- Falling Expat Mortgage Interest Rates and Weak UK Housing Market Favour Expat Buyers
- UK property beats pensions, says UK official study
- Taxes for UK expat landlords might not be so hard after all
- Why a sinking pound need not scupper your French property dream
- Is it time to add UK university fees to your expat mortgage?
- Resurgent Spanish property market prompts new mortgage launches
- The new landscape for UK property investors – still good value
- New UK Buy To Let Rules Will Impact Expat Property Buyers – 2017
- UK rent rises continue to outstrip inflation, expat buy to let remains popular
- UK Stamp Duty hike not as harsh as first feared for expat property buyers
- Do I qualify for expat or international mortgages?
- Brexit need not harm the expat mortgage market, thinks Offshoreonline
- UK stamp duty changes, capital gains tax changes will impact expat buy to let investors, so start planning your checklist now
- Booming London property rents continue to attract expat buy to let landlords
- New UK Stamp Duty Won’t Dent Appeal of Buy To Let Mortgages For Non UK Residents
- QE spells heaven for overseas property buyers in Europe
- Thinking about buying a house in 2015? For expats, the signs are good
- UK property prices on the up in 2015 good news for expat buyers
- UK Stamp Duty changes – the winners and losers
- French expat euro mortgage rates fall again
- New house price index to make life easier for French euro mortgage house buyers
- New Spanish government figures point to gentle housing market recovery
- Buyers forced out of London by spiralling property prices have helped fuel a 10% annual rise in asking prices in the south-east – a rate that has now outstripped inflation in the capital.
- UK student loans – plan now for flexibility
- Landlords enjoying “record income from letting
- French euro mortgage rates fall again
- Mortgage lending up as UK house prices settle
- Brit buyers bounce back!
- Thinking of buying a house in France? Prices have just dropped 10%
- Fixed rate UK international mortgage demand to rise, as regulator confuses
- UK property prices still rising strongly, but location the key
|