Money News
The improved Eurostar service, launching later this month, has already fuelled increased interest in buying properties in France, reports HiFX.
In its latest global property hotspots update the currency specialists reveal interest in France has increased and attributes this to the growing numbers of international commuters. Indeed, the promise of fast links back to the UK is enabling workers to consider properties in France as a permanent base rather than just as a holiday destination.
According to the number of enquiries received by HiFX, interest in France increased by 17% between August and September. Interest in Portugal and Cyprus also increased whilst Spain maintained its position as the second most popular overseas property destination after France - accounting for 25% of enquiries in September.
The improved Eurostar service (launching on November 14th) will make euro-commuting 20 minutes faster to and from Paris and Lille and the prospect of living in France, but working in the UK, a reality.
Mark Bodega, Director at HiFX explains: "France has always been a popular holiday home destination for Brits who enjoy the more relaxed French way of life.
"However, it is now increasingly feasible for buyers to have the best of both worlds, living permanently in what was a holiday home and commuting back to the UK when necessary."
Meanwhile, Peter Wheelton from VEF Pas de Calais, the French property outfit says: "We've noticed a particular rise in the number of people who perhaps spend two or three days a week working in the UK and the rest of the time living in their permanent homes in France."
Property prices in France are around 30% lower than those in the UK, according to the firm's own report - 'A focus on the French property market' - and those in the Pas de Calais region are typically a third less than in the rest of France. Also, Calais and its surrounding area is almost equidistant from London, Paris and Brussels, which makes it an attractive destination for the international commuter.
According to the think tank, Future Forum, there will be more than 1.5 million people working in the UK while living in another country within a decade. Also 20% of people moving to France permanently are planning to commute back to Britain for work.
08 November 2007 © Moneyextra.com
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