Page 0021

Some of the best-made

plans had been put

on ice during 2020

thanks to coronavirus.

Other long-term

dreams or retirement

plans might have been fastforwarded

after the dramatic

year we've all had. But if you are

British and intend to buy a home

in France, how different will it be

after Brexit? Here we look at how

things will - or won't - change…

Buying a property in France

The good news is that in 2021

it will be just as easy for British

citizens to buy a home in France

as before 31st December 2020.

Plenty of non-EU citizens buy in

France every year, there is no extra

purchase tax and France remains

one of the countries with relatively

low completion costs.

Mortgage rates

Another upside is that mortgage

rates still remain competitive and

relatively easy to obtain, when

compared to other territories. The

French market has bounced back

from the period when it closed

down for the spring confinement

- due to domestic demand - but

prices are still very reasonable.

Property Prices

The average property price in the

UK in June 2020 was £254,000; in

France the average was €170,000

(£151,000) but far lower in

the British buyer hot spots. For

example: Dordogne - €121,000;

Charente - €120,000 and Brittany's

Côte d'Amour at €135,000.

Enjoying a holiday home

The lure of a bolthole in Brittany, a

gÎte in the Dordogne, an apartment

Not everything will change after Brexit, and many Britons' appetite

for buying a home in France will certainly not alter, especially after

a life-changing 2020, reports Liz Rowlinson

Vive la France

...after Brexit

21

LEGGETT IMMOBILIER - LOCAL KNOWLEDGE YOU CAN TRUST

on the CÔte d'Azur, or the

mountains, will not fade with Brexit.

We started buying these long

before the UK became part of the

European Union. Many buyers have

bided their time in the knowledge

that their rights to buy a holiday

home will not change, and that

buying a property in France will

continue to be a great investment.

Buying from a distance

Until you can travel easily to

France, take advantage of the

virtual tours of properties, the

buying-advice webinars from

Leggett, and keep an eye out for

the resumption of the UK based

property exhibitions this year.

How long can I stay?

If you do buy a holiday home (or

already own one there) you will

most probably need to stick to

LEGGETT MAGAZINE BREXIT & RESIDENCY

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