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Article: Spring Property Survey: Hunt is up for weekend retreats
- Article from:
- The Independent (London, England)
- Article date:
- April 13, 1994
- Author:
CopyrightCopyright 1994 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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WHEN the Channel Tunnel finally opens this year, the first
passengers may find themselves greeted with hugs and kisses at
Calais by several hundred excited people with strangely familiar
accents.
The British have already arrived in northern France. In fact,
they started swarming in more than five years ago, goggling at
every tumbledown farmhouse with a scrawled a vendre sign nailed to
the gate.
They were so cheap! And the tunnel was bound to push up prices,
wasn't it?
For a few years UK buyers came by the boatload, wallets bursting
from second-mortgages on their main homes. By the peak of the boom
in 1989 they had invested around pounds 150m on French property,
according to the Banque de ...