Mar 13 2008

Britons snapping up French property

France is attracting increased levels of interest from UK-based property investors, according to experts.

Currency exchange firm HiFX said that last year, the country accounted for more than a quarter of all the enquiries it received from prospective buyers.

Ski resorts such as Meribel and Courchevel were highlighted as especially popular locations, despite their relatively high property values.

Mark Bodega, director of HiFX, commented: “Prices are higher in well-established resorts but the rental yields also remain consistently high.”

He added that France’s close proximity to the UK was one of the main reasons for its popularity among British buyers.

In addition, he said the fact it is serviced by numerous low-cost airlines has also helped draw people to the country.

Access to France was recently improved further with the introduction of a high-speed rail link by Eurostar.

The service, which runs between London and Paris, allows people to travel from one city to the other in just two hours and 15 minutes.