Brexit has altered the landscape for British non-resident second-home buyers in France. Recent data from CCF Mortgage reveals that while many Brits traditionally favored regions like Provence-Alpes-Côte d'Azur (PACA), purchases have decreased significantly in this area by 30% in 2023. The regions of Nouvelle-Aquitaine, Occitanie, and Auvergne-Rhône-Alpes are now more popular, reflecting changing preferences. Insights from Audrey Fauvette indicate buyers are motivated by various factors, from lower-cost investments in Normandy to higher-value properties in the Alps for skiing enthusiasts.
Historically, the south-west has been the prioritised area for Brits... they might buy a small pied-à-terre near the Channel crossing to spend weekends.
In 2023, a significant decrease was observed: transactions by Brits dropped by 30% in PACA and 25% in Auvergne-Rhône-Alpes, indicating a shift in market dynamics.
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