- Home » Expat News » Survey reveals France is still UK expats dream location
Survey reveals France is still UK expats dream location
| Published: | 29 Jan at 6 PM |
Want to get involved?
Become a Featured Expat and take our interview.
Become a Local Expert and contribute articles.
Get in touch today!
Become a Local Expert and contribute articles.
Get in touch today!
A recent survey shows that, in spite of problems in the Eurozone and the recently announced hike in property tax, France is still the first choice for property-buyers considering emigration.
The survey, carried out by HIFX Property Hotspots, revealed that almost 25 per cent of those questioned preferred France for its perceived quality of life and bargain property prices due to the weak euro. Spain is still the second choice although sentiment amongst buyers and property owners already in the country has hardened as a result of the Andalusia property scandal.
According to the survey, 33 per cent of respondents are planning to buy abroad in the next six months, with a total of 35 per cent intending to do so sometime over the next three years. Around 28 per cent will spend between £50,000 and £100,000, with 16 per cent aiming to purchase a property priced between £100,000 and £150,000.
Reasons quoted for buying an overseas property included better weather for over 50 per cent of respondents, with lifestyle and culture another strong motivation. Over 25 per cent stated they had researched the move and were looking for a better standard of living in a cheaper property.
Almost 25 per cent of those planning a purchase will use their savings while 25 per cent will sell their UK homes and move abroad once they’ve found a suitable property. HIFX director Mark Bodega stressed that, although property prices in France dropped by 13 per cent in 2012, it’s essential to research all available options when considering a move overseas as several Eurozone countries are unstable at present.
The survey, carried out by HIFX Property Hotspots, revealed that almost 25 per cent of those questioned preferred France for its perceived quality of life and bargain property prices due to the weak euro. Spain is still the second choice although sentiment amongst buyers and property owners already in the country has hardened as a result of the Andalusia property scandal.
According to the survey, 33 per cent of respondents are planning to buy abroad in the next six months, with a total of 35 per cent intending to do so sometime over the next three years. Around 28 per cent will spend between £50,000 and £100,000, with 16 per cent aiming to purchase a property priced between £100,000 and £150,000.
Reasons quoted for buying an overseas property included better weather for over 50 per cent of respondents, with lifestyle and culture another strong motivation. Over 25 per cent stated they had researched the move and were looking for a better standard of living in a cheaper property.
Almost 25 per cent of those planning a purchase will use their savings while 25 per cent will sell their UK homes and move abroad once they’ve found a suitable property. HIFX director Mark Bodega stressed that, although property prices in France dropped by 13 per cent in 2012, it’s essential to research all available options when considering a move overseas as several Eurozone countries are unstable at present.
Comments » No published comments just yet for this article...
Feel free to have your say on this item. Go on... be the first!
