Brits Are Not Buying Luxury Properties In France Anymore -Because Of Brexit
“For the world’s wealthy, France remains the ultimate home away from home.” (Photo by Emeric Fohlen/NurPhoto) NurPhoto via Getty Images The number of British buyers of luxury property in France has dropped by 40% in less than five years due to Brexit and the weakening of the pound sterling. UK money now accounts for one in five prime purchases in France, down from three in five in 2014–data from Knight Frank reveals. Yet the number of total sales since 2015 has increased and annual resale transactions across France are expected to exceed 1 million sales by the end of 2019
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