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