Luxury Real Estate

By: Nicola Christinger of HomeHunts

The present global financial crisis does not seem to be having a significant impact on the outlook of recent international buyers of French property.

On the contrary, according to a survey published last month, carried out by French bank BNP Paribas, there remains strong confidence in the French housing market, with over 90% of buyers from overseas who bought property in France in the last three years who consider the property a good medium to long term investment. There also seem as many who intend to invest further in the French property, as those who propose to sell.

BNP Paribas surveyed 220 international buyers who had purchased a property in France since 2006, around a quarter of whom came from the United Kingdom. The results do contrast somewhat with the view that has been expressed in the media, that some kind of mass exodus is taking place from France. More encouraging, the survey also confirmed what many previous surveys of French property buyers have also shown, that it was the appeal of the laid back lifestyle in France that was the main reason for buying property in France.