Record Sales of French Property to Brits Reported Despite Referendum Uncertainty

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Leggett Immobilier, the largest seller of French property to British buyers reports 21% rise in sales in first 6 months of 2016

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“We have received over a thousand client enquiries on properties since the referendum result; and our agents across France have been agreeing sales to British purchasers all week;” said Trevor Leggett, chairman of Leggett Immobilier.

Leggett Immobilier, the largest seller of French property to British purchasers, has reported a rise in sales for the first half of the year.

Not only have Leggett sales from January - June 2016 been higher than ever before, but since the referendum result, enquiries have remained high with over 1,000 enquiries coming into the sales support team in the past seven days. Coupled with this Leggett Immobilier have had 34 offers accepted in the past week - a figure which is well above the weekly average.

Brexit has brought uncertainty on many things, but it seems that the British love affair with France remains as strong as ever.

Leggett Immobilier has today released the following figures on ‘sales agreed’*:
21% rise in ‘sales agreed’ 2016 vs. 2015 first half of year, since referendum announced
7% rise in ‘sales agreed’ 2016 vs. 2015 second quarter of the year during referendum fever
44% rise in fee income pipeline 2016 vs. 2015 (£5.74m 2016 vs. £3.98m 2015 - fee income figures)
**Source: Leggett Immobilier sales data

“We have received over a thousand client enquiries on properties since the referendum result; and our agents across France have been agreeing sales to British purchasers all week;” said Trevor Leggett, chairman of Leggett Immobilier.

“Sales figures released by BNP Paribas International this week show that there has been a 29% increase in international buyers last year, which was was lead by GB & Irish buyers who now account for 35% of the international market.

“Although many people may be feeling uncertain in the wake of the referendum result, it seems that the British love affair with the relaxed French lifestyle, the wonderful culture and climate and the beautiful affordable property available here remains as strong as ever.”

Recent purchaser of a French home in the Dordogne Chris Matthews says; “We think it’s important to show our commitment to the EU and would not allow Brexit to get in the way of what we want to do with our lives.”

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Further case studies available upon request.

  • ‘Sales agreed’ Compromis de Ventes signed. The Compromis de Vente is the first formal and legally binding stage in the property purchase process in France. It is a written contract of sale agreement which legally binds together the seller and purchaser.

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Sharon Scott
@LeggettsImmo
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