9th EDITION OF THE BNP PARIBAS INTERNATIONAL BUYERS OBSERVATOIRE “Investing & Living abroad” 2nd section
BREXIT: A BOOSTER FOR BRITISH INVESTMENTS IN FRANCE?
This edition is in two sections, the first covers developments in the French property market for foreign non-residents in 2016 (market data), the second gives the results of a survey carried out by Ipsos on the possible impacts of the Brexit announcement in 2016, and its implementation, on British buyers.
BNP Paribas International Buyers has published the 9th edition of its Observatoire on the market for foreign non-resident buyers in France. This year, in addition to the section on market developments, the company has asked Ipsos Institute to realize an opinion study about the possible consequences of the Brexit announcement on behaviors and intentions of British buyers in France and in the euro zone. In this 2nd section, we note that the Brexit announcement in June 2016 caused 28 % purchases desertions in the euro zone but on the other hand, more than 6 Britons out of 10 (65%) are not ready to abandon or defer their project. Even better, 23% envisage accelerating their project.
As for the market, we note a slight decline in the number of transactions in 2016 (-3.6%) compared however with an exceptional year in 2015 marked by sharp rise in transactions (+28.7%). The British remain market leaders, with 32% of transactions in France against 34% the previous year. In Paris, Italians invest the most, followed by the Americans.
Concerning the BNP Paribas International Buyers « Investing & Living abroad » observatoire
Drawing on its expertise and desire to anticipate investors’ requirements, BNP Paribas International Buyers presents, in its “Investing & Living abroad” observatoire, an analysis of the market for non-residents who buy property in France
Concerning BNP Paribas International Buyers
A BNP Paribas business line specialised in the provision of finance and advice for non-resident private individuals carrying out a property transaction. BNP Paribas International Buyers is structured around an operational unit based in Lille with two sales networks: one for France and an International network composed of business introducers based in the UK, Ireland, the Netherlands, Belgium, and a Website. For further information: http://international-buyers.bnpparibas.com