Americans Seek Paris
Americans seek Paris; Britons the country
PARIS: When Americans buy homes in France, they choose Paris; the British and Dutch head for the country, a property report shows.
Foreign investments in the French real estate market rose to €6 billion, or $7.5 billion, in 2005 from about €2 billion in 2000, according to a study published this week by Crédit Foncier de France, a unit of Caisses d'Epargne.
"The buyers' nationality influences the location choice," Jean-Michel Miuch, who heads real-estate market analysis for the Crédit Foncier, said in the report. "British and Dutch citizens have a preference for the countryside."
About 44 percent of Americans who buy property in France choose the City of Light. They buy small apartments, with a kitchen and a bedroom - a pied- à-terre - the study says.
Europeans - British, Germans, Italians, Dutch, Spanish and Swiss - also find France an attractive country for a home.
Britons stay close to the coast, with a taste for Brittany's oysters and houses. They spend on average between €81,800 and €93,500 in the Côtes d'Armor and up to €365,000 for the greener low hills of the Ille-et-Vilaine.
Britons represented half of the foreign purchases in France in 2005. Their "predominance" in the number of foreign buyers "accelerated in the past years," the study said.
- Hélène Fouquet
originally in the:
PARIS: When Americans buy homes in France, they choose Paris; the British and Dutch head for the country, a property report shows.
Foreign investments in the French real estate market rose to €6 billion, or $7.5 billion, in 2005 from about €2 billion in 2000, according to a study published this week by Crédit Foncier de France, a unit of Caisses d'Epargne.
"The buyers' nationality influences the location choice," Jean-Michel Miuch, who heads real-estate market analysis for the Crédit Foncier, said in the report. "British and Dutch citizens have a preference for the countryside."
About 44 percent of Americans who buy property in France choose the City of Light. They buy small apartments, with a kitchen and a bedroom - a pied- à-terre - the study says.
Europeans - British, Germans, Italians, Dutch, Spanish and Swiss - also find France an attractive country for a home.
Britons stay close to the coast, with a taste for Brittany's oysters and houses. They spend on average between €81,800 and €93,500 in the Côtes d'Armor and up to €365,000 for the greener low hills of the Ille-et-Vilaine.
Britons represented half of the foreign purchases in France in 2005. Their "predominance" in the number of foreign buyers "accelerated in the past years," the study said.
- Hélène Fouquet
originally in the:
International Herald Tribune
Friday, October 20, 2006
at:
http://www.iht.com/articles/2006/10/19/bloomberg/bxinvest.php
posted by L'Amerloque at 1:12 AM
0 Comments:
<< Home