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Abbey sees Brits export house price boom

21 October 2004
High house prices in the UK have lead to Britons buying in France in record numbers, Abbey National France has said.

Between March and August this year there were 17 per cent more mortgage applications than for the same time last year at Abbey France.

And new figures show that UK residents make up a massive 40 per cent of all foreign buyers in France - paying an average €142,000 (£97,000) for their place in the sun.

John Woodhouse, deputy managing director, Abbey National France, commented: "Buying a home in France has more appeal than ever amongst UK buyers. The volume of enquiries we receive has increased by 35 per cent since the launch of our new website in June and the increase in applications speaks for itself.

"We have English speaking advisors which makes the process of buying a home in the sun much easier.

"That, combined with low mortgage interest rates and easy access to France by train, Eurotunnel and low cost flights, means that owning a property in France may be easier and more achievable than people first think."
© DeHavilland Information Services plc