Americans have a long leg delighted with the idea of buying a second house in France, either like a vacation house or a future place to retire, and in recent years US purchases are increasing.
The five main foreign and non -resident real estate buyers are from the country’s European neighbors (Belgas, British, Germans, Dutch and Swiss, but Americans are the main non -European nationality.
They are also the only group among the first six in which their property purchases in 2023 remain stable, while everyone else saw decreases.
The place spoke with Audrey Fauvette, business developer of CCF Mortgage in France, which supports the specialization of equipment with international clients, and which has analyzed the latest data of notar of France (2023).
Where are Americans buying second houses in France?
Ile-de-France, the Paris region, came first with 25 percent of US purchases in the second home in 2023, a slight decrease compared to 26 percent in 2022.
Advertisement
Provence-Alpes-Côte-D’Azur-Home of the French Clae Riviera with 23 percent of the transactions, a 26 percent drop in 2022, and the southern region of Occitanie was in third place with 17 percent, an increase of 13 percent in 2022.
Read more: ‘Trump was the final straw’: why Americans move to France
“For the most part, the Americans are very focused on Paris, and this became even more relevant after Brexit, when US investors and banks were more interested as a European capital. This helped create a great appetite, and there Emily, and Milly in Emilyit Fauvette, referenceing the popular Netflix program.
“We have no data on this, but the leg is definitely felt among industry professionals who work with Americans.”
“Paris is seen as a safe investment, but recently we have begun to see Americans interested in buying outside the capital as well.
“Americans are also looking for the French lifestyle, plus the Sun, in southern France, so we are seeing Americans to buy throughout the Riviera, and the growing numbers buy in Occitanie and the Southwest.”
How much do Americans spend?
From 2023, the average purchase amount was € 572,700 for a non -resident American, considerably higher than the average for buyers of non -resident properties (€ 364,000).
Nuncaberness, the average of 2023 represented a decrease in the number of Americans they spent in 2022 (€ 653,400).
Fauvette explained that this can be “the result of US investments that change to less expensive parts of the country.”
Why the Americans stole the trend
Fauvette explained that since the COVID-19 pandemic, American purchases of second homes in France have generally been increasing.
In 2023, unlike other nations, US purchases in the second home remained stable in a year that, according to most other measures, saw purchases of stagnant or falling properties.
Advertisement
Fauvette accredited this in part to economic conditions.
Read more: 8 things that Americans need to know before moving to France
“In 2023, the exchange rate was in favor of Americans, with a strong dollar, so it helps with an increase in American purchases.”
Fauvette also noted that just although the highest interest rates contributed to a general slowdown in the France real estate market, “Americans were less affected by this. They are more batteries for higher interest rates.”
Another aspect of American exceptionalism can see with bureaucratic expectations.
Fauvette explained that, in the face of heavy residence permit requirements, British purchases of the second house had decreased, but “Americans are already accustomed to restrictions. Their main obstacle, fatca, is the myth of another” “” “” “” “” “” “”
In addition to the interest of Americans not residing in France, more and more Americans also seek to move to full -time France.
The latest immigration data showed that 13,000 for the first time Cartes de Séjour They were granted to Americans, an increase of 5.3 percent since 2023 (12,341 first -time cards granted).
]
