The impact of Brexit on property buyers and expats in France

British homeowners at La Durantie may be wondering what impact Brexit will have on owning property in France. Karen Tait, Editor of French Property News, is one of our favoured industry experts who has visited and reported on La Durantie in the past and here is her insight into the consequences of Brexit…

“The announcement that the UK has voted to leave the EU will lead to some uncertainty and concern among British people living in France and those planning to buy property across the Channel.

Over the next two years, the terms of the UK’s new status will be determined and the impact on the overseas property market will be unsure until negotiations between the UK and the EU are finalised. However, while we expect the market to hold its breath in the short term, we believe that people looking to buy a property in France will still be able to realise their dream and that the process is unlikely to become much more complicated than at present. After all, non-EU residents have been buying in France for many years and British people bought property across the Channel before Britain joined the EU.

We understand a lot of British people living in France will be concerned about their situation, especially with regards to their right to live and work in France and their access to healthcare. Once the UK has formally notified the EU that it wishes to leave there will be a period of negotiation and the rights and status of British people living in the EU will be high on that agenda. There will be no immediate change in your circumstances.

At present there are clearly more questions than answers, but we will endeavour to provide as much information as possible in the coming days, weeks and months. Despite the uncertainty in the run up to the referendum, we have been encouraged by the number of buyers keen to go ahead with their plans. The British love affair with France remains strong and is unlikely to be dented by the decision to leave the EU. Likewise, there are many French people living within our shores and the ‘entente cordiale’ will continue to be a binding link between our two countries.”


All hands on deck at La Durantie!

Stone pillars on the terrace in similar style to the 17th Century farm buildings

 

As temperatures reached thirty degrees in The Tarn this month, all hands were on deck to ensure the completion of the first houses at La Durantie.  Workmen are on site to complete a variety of different tasks, ranging from earthworks to plastering and painting. Significant progress was achieved on the first two houses, which saw the completion of the stone rendering on the external walls, the laying of the travertine flooring and the installation of the internal fittings well underway.

 

Installation of the elegant travertine flooring

 

Tiles added to the bathroom walls

 

Final checks before shower installation

 

First kitchen going in, Corduries model

 

Build is also progressing rapidly on the other hamlets at La Durantie, including La Cour Braucol, with the external walls and terracotta roofs of these houses now fitted. Work will start on the foundations and walls of La Cour Gamay and the foundations of La Cour Prunelard next week.  

 

Houses at La Cour Braucoul prior to stone rendering

 

La Durantie – Phase 1

 

The houses and communal areas at La Durantie will harmoniously bring together three different periods in history, each separated by two hundred years. From the 17th century stone turreted farm buildings to the 19th century belle époque chateau and the 21st century hamlets, La Durantie is an architectural wonder of history. Two hundred years later, La Durantie sits in an Area of Outstanding Natural Beauty, resulting in the perfect mixture of history and nature with huge expanses of flaura and fauna right on its doorstep. Every element of the development will harmonise and bring together these three periods of history including colours, designs, materials, textures, red clay soil, oak beams, and the locally quarried limestone and sandstone. The shallow pitched terracotta roofs correspond to the same angles in the region blending seamlessly into the style of the farm buildings found in the local area.

 

Roses on the 17th century stone turreted tower at La Durantie

 

Shutters of the 21st century houses replicating the colour found on the 19th century Belle Époque chateau

 

As you can see there are lots of exciting developments going on at La Durantie. The first two houses are due for completion at the end of July with the remaining houses in La Cour Braucol anticipated by September.  La Cour Gamay is scheduled for completion in December and the next hamlet the following spring.

 

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