French Fancy

According to the overseas property portal Kyero.com, the French overseas property market has a lot of potential to grow

Ongoing uncertainty around travelling abroad due to individual restrictions across different countries makes it more difficult to decide which country to invest in. However, Kyero’s European Overseas Property Market Tracker for Q2 2021 helps gain insight into the overseas property market.

The Kyero.com overseas property market tracker is updated quarterly. The three areas it analyses include the average asking price per overseas market (Spain, France, Italy, and Portugal), the number of properties for sale per country, and consumer interest in each country.

The areas most in demand are the South of France, known for its wide cross-section of culture, all under the Mediterranean sun, with Alpes-Maritimes, Var, and Dordogne registering as the most popular regions according to the recent study conducted by Kyero.com.

The study also found that the most popular cities for overseas buyers were Nice, Cannes and Sainte-Maxime.

In the last six months, the number of French properties added to Kyero.com has almost tripled. The property portal now works with a grand total of 2366 estate agents in France, including Caprifrance, Optimhome, Barnes International, and Savills International.

The average asking price in France is now €236,350.This means that the average asking prices in France are now cheaper than in Spain (€290,000) and Portugal (€249,000).

Martin Dell, co-founder of Kyero.com, says: “It’s clear that France is an overseas destination to watch. While Spain is still top of the list for British buyers in search of European sunshine, we are seeing a growing appetite for overseas properties in France.

Recently, France moved to the amber list of countries, meaning Brits who have received both vaccinations can go there without having to self-isolate on return.