Kyero highlights French overseas property market as ‘one to watch’
New data from market overseas property portal Kyero.com has outlined the latest changes in the European overseas property market during Q2 2021, as the company highlights growing potential in France.
Kyero’s European Overseas Property Market Tracker for Q2 2021 shows that the south of France is particularly in demand with Alpes-Maritimes, Var and Dordogne the most popular regions, and Nice, Cannes and Sainte-Maxime the most popular cities for overseas buyers.
The average property in France is now priced at EUR236,350, lower than Spain (EUR290,000) and Portugal (EUR249,000), while the number of French properties added to Kyero.com has almost tripled in the last six months.
Kyero now works with 2366 estate agents in France, including Caprifrance, Optimhome, Barnes International and Savills International.
Martin Dell, co-founder of Kyero.com says: “It’s clear that France is an overseas destination to watch. While Spain is still top of the list for British buyers in search of European sunshine, we are seeing a growing appetite for overseas properties in France.
“Our work with some of France’s key estate agents over the last year has resulted in a major growth in the number of French properties available on Kyero over the last six months, and we are seeing a range of trends within our market research and user data that point to France being a significant growth market.
“With French asking prices on Kyero amongst some of the most competitive of the key European markets, and property prices in key buyer markets such as the UK continuing to rise, we expect to see overseas demand for French properties continue to grow throughout the rest of the year.”
Asking prices have remained fairly static in Spain and Portugal over the last quarter, dropping slightly in France (down on average by EUR13,650) and more significantly in Italy (down EUR22,800), which Kyero suggests could be a result of an increase in the number and range of properties now available on market-leading platform in these countries.