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Expatriate International Medical Insurance news: French property 'is attracting investors'

Expatriates with international medical insurance may be some of the foreign investors that bought French property last year.

Sales of this type of real estate to international buyers grew 21 per cent in 2010 compared to the 12 months before, increasing from 42,300 to 51,200 houses, research from BNP Paribas has discovered.

Trevor Legett, chief executive of estate agency Leggett Immobilier, noted that property sellers realised that lending is still difficult and many people and institutions are still financially insecure, so they have imposed "sensible pricing levels".

He said that transactions have reached the same level seen in 2008 but there has been a rise in expatriates and foreign investors in the market, with a lot of buyers owning several properties.

"This trend will continue to rise and France has an abundance of properties that will appeal to these people," he asserted.

Furthermore, a study from The Cooperative Travel has shown this country to also be the most popular holiday destination for British tourists, accounting for 31 per cent of all responses.

Moving abroad? Get a free quote for your international medical insurance online.

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