The Good Life France Magazine Autumn 2016 | Page 104

It needn't be a puzzle says property expert and agent Tim Sage as he looks at the selling process

Property Guide France

For sellers in France there is both good and bad news resulting from the UK decision to leave the European Union. We’re not here to go into the rights, wrongs or otherwise of Brexit but let's start with the bad news.

Over recent months, up to the end of June, most of France saw a market with roughly two homes for sale for every buyer available. The trend is now heading towards three for every buyer, as potential home seekers in France await the tangible results of Brexit. This is making the existing sellers market harder to compete in. How can you help yourself to be one of the lucky ones?

That's where the good news comes in if you’re a Brit looking to move back to the UK. If your home has been on the market for a while, then the first step you can take is to reduce the asking price and here’s why.

Towards the end of 2015 we saw the exchange rate between the euro and the pound at around 1.45 euros to the GBP while current levels (August 2016) are at around 1.18 euros to the GBP.