French Bank Survey reveal Less Oveseas Buyers in France

In general, according to an article on Property Wire based on a survey from the French bank BNP Paribas, overseas buyers are buying less French property.

The overall percentage is a 29 percent drop in the number of non residents buying in France in 2012 compared to 2011.

However, this amount varies according to region. Ile de France had 4 percent less Foreign Buyers while Aquitaine saw a 48 percent drop.  Poitou Charentes was the only region seeing an increase of a full 4 percent.

The British and Italians are buying less property at this time, however, the percentage of Russian buyers is up 27 percent.

Note: according to the survey Russians are not buying multimillion euro properties as people generally think, in fact the average sale price of a property purchased by a non-resident Russian is 700 000 Euros.

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