European property after the referendum

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

Rightmove’s weekly mortgage tracker 30/05/25

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.64% +0.03% -0.78% 5-year fixed 4.61% +0.03% -0.45%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.82% +0.02% -0.93% 5-year fixed 3.88% +0.09% -0.55%   Average…
Read More
Home and Living

Carpet Cleaning Specials in Stanton: Save on Your Next Service

Sure, the carpeting in your Stanton home is inviting and adds warmth and comfort, but it can also store harmful dirt, allergens, and bacteria that can affect your family’s health. This makes regular carpet cleaning not only better for your health, but also your wallet. With Carpet Cleaning Stanton specials, you can save on the professional services…
Read More
Rightmove logo
Breaking News

Seven in ten branches now using Rightmove’s insights and training platform

New figures from Rightmove, the UK’s largest property platform, show that seven in ten estate and letting agency branches are making use of its insights and training platform, the Rightmove Hub. This is up from 56% of branches back in 2023. The Hub, first launched ten years ago and recently revamped, has expanded in response…
Read More
Letting Agent Talk

From Fixer-Upper to Profitable Asset: Strategic Renovations for Landlords

Did you buy a fixer-upper? Or maybe you inherited one. Either way, you’re standing in a place with peeling linoleum, a questionable smell, and wallpaper that could file for social security. The big question: Do you patch things up, go full HGTV, or just torch it for the insurance (don’t do that)? First, take a…
Read More
Breaking News

Household Costs Indices for UK household groups: January to March 2025

Household Costs Indices, 12-month growth rates, expenditure shares and contributions for UK household groups and all-households. These are official statistics in development. Main points Overall UK household costs, as measured by the Household Costs Index (HCI), rose by 2.6% in the year to March 2025; this is a fall from 2.9% in the year to…
Read More
Surge in country and seaside property values
Breaking News

Why Rural House Prices Are Surging Faster Than Cities

New analysis from Open Property Group reveals that rural England is facing an affordability crunch, as house prices in the countryside outpace urban growth, despite lower average wages and higher living costs in remote areas. These shifting dynamics are challenging the long-standing assumption that rural life offers a more affordable and sustainable alternative to the…
Read More