European property after the referendum

January 14, 2016

Is 2016 the year that Brits make that step to buy that property abroad,  like most financial committments there is a good time to buy and a not so good time to buy.  Anyone looking to buy in Europe would be now buying into a flat property market with the exchange rate well in their favour, that makes buying at the moment a good time to buy.

The biggest factor for many looking to buy a property in Europe is whether the UK votes yes or no to the upcoming referendum which is expected to be as early as June or July this year. Those looking to move permanantly will definately want the assurance of being part of the European Union so that they can participate in the benefits of that country which already apply to their  Nationals, primarily that would be health care.

Only this week I watched a TV  program that followed various people trying to make a life for themselves in Spain, it varied from a couple from Essex who bought a bar/restaurant to a guy on his own who was looking to work in the entertainment business as a magician. The program brought back memories of when we experienced the last boom of Brits searching a new life abroad back in the early part of 2000, the circumstances were pretty similar with low European prices, beneficial exchange rates and those who had a property to sell to finance the project were in the position of selling top of the market and looking to relocate to France.

Back in those days in early 2000 France was top of the list for Brits buying abroad, they were searching out all the corners of the country for their idealic countryside or waterfront property. Both holiday homes and permanent residence were the objectives, at present there is a trickle of Brits looking to buy property in France, that could turn into a flood if the yes vote wins the referendum, especially for those looking to retire and wanting to be fully covered by the health system.

France is a large country and the regions vary quite a bit in both culture and climate, Rightmove Overseas offers a buyers guide on their site along with overseas properties for sale. One area that stands out is that of Burgundy, stretching from just south of Paris to almost the outskirts of Lyon, it is a region offering a lifestyle suited to both young and old, it is has easy access from the UK and easy access to other parts of Europe.

Will we see European property prices surge on a buying spree by Brits after the referendum? that is if the UK votes to stay in the EU, now is the time to be looking ready for the event.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More →
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More →
Estate Agent Talk

Which property types take the longest time to buy?

From complex flats and shared ownership homes to new builds and unusual titles, Lyons Bowe reveals which properties can create the biggest conveyancing workload   The latest insight from Lyons Bowe has revealed which types of property are most likely to require the largest and most complex conveyancing workload, potentially adding more stages to the journey…
Read More →
Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →