Buying blind: The US property hunters purchasing French homes without visiting

Property consultant Adrian Leeds
Property consultant Adrian Leeds © FRANCE 24

The number of homes sold in France last year fell by 5 percent, but property consultant Adrian Leeds has seen soaring demand from buyers in the United States. Despite the travel restrictions in place because of Covid-19, "they are very intent on finding homes in France", she told FRANCE 24. "What's happening is that literally our clients are buying sight unseen." It's a new departure for Leeds' business, which works with American property hunters. "This has never really happened before, not at this scale," she added.

Advertising

Also in the programme:

  • The bankruptcy paradox: Kate Moody explains why the number of businesses going bust in the European Union slumped last year, despite the economic crisis.
  • French bicycle brand Mercier is establishing a new factory in northern France as it moves production back from Asia. The move was made possible thanks to government subsidies under the pandemic recovery plan.

Daily newsletterReceive essential international news every morning