France replaces Spain as most popular destination for British buyers
Wednesday, September 28, 2011
France has replaced Spain as the most popular destination for Brit buyers according to research by Savills International and HomeAway.co.uk, thanks to the country’s stable residential market conditions.
The study has found that traditional prime property hotspots which attract wealthy, lifestyle buyers have been more resilient to the downturn, with France faring the best. The country’s popularity has recently been helped by the lowering of the wealth tax giving more breaks to wealthy investors. As a result Southern France and the French Alps have both proved popular.
The survey also discovered the type of properties that second home owners are searching for. UK buyers are most influenced by factors such as proximity to restaurants and bars, beaches, and being in easy reach of airports to reduce travel time. We are also keener on destinations with extensive infrastructure including cultural and historical attractions, golf courses, beaches and children's entertainment.
Read more at A Place in the Sun
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