France remains one of the most popular countries in which to invest in a second home, despite the recent EU referendum decision to leave. Our expat on the ground shares her thoughts…
Whatever anyone thinks about the result of the EU Referendum, the fact is that the British people’s love of France remains undiminished and indeed there are signs that this is now stronger than ever. France is not only one of the most popular countries in which to buy a second home, but as we come to terms with the full impact of last week’s Referendum, it seems that for many British people, the dream they have always nurtured of having a home in France is becoming more realistic: the desire is there to own property in France and, let’s face it, escape the uncertainty that is playing out as our country works out its plans outside of the EU.
Four of our friends are now applying for French citizenship, if only to make it easier to travel around Europe.
We have many friends, both French and British, living alongside us in the South of France and the expats we know are only relieved and delighted that they chose to make France their home when they did. The impact in terms of pensions, healthcare and basic rights of course remains to be seen, but four of our friends are now applying for French citizenship, if only to make it easier to travel around Europe. You can do this if you have been domiciled in France for at least five years and still retain your British citizenship, so it seems like a sensible thing to pursue.
For second homeowners, however, the chances are that little will change. France offers us so much in terms of lifestyle, climate, space, affordability. Yes, the pound has taken a tumble, but this will likely recover to some extent in future months; and the price of property remains stable.
We remain convinced that the popularity of the country will continue.
We remain convinced that the popularity of the country will continue. One very good friend of ours who is planning to buy her second home in France said she is not at all concerned about Britain leaving the EU and that in fact it has only made her more determined to buy a holiday home in France. Like many others we have spoken to, she simply cannot wait to get here!
As with so many important decisions in life, whether personal, political, or on a global level, there is a period immediately afterwards of uncertainty, confusion and even panic, but once one comes to terms with the result, it is important to remain positive about the future. France is still the loveliest country in which to own a home – and that is never going to change!