Credit crunch gives rise to a new type of french property buyer

More and more people are now looking towards France and particulary investment in French property as a way of spreading their assets and minimising financial risk.

In a recent blog post we talked about the Bank of England's gloomy forecast for the British economy over the coming 18 months.

But entrerprising Brits have come up with a solution and, at the same time, coined a new acronym.

According to Assetz Property News Service, in Britain there's a new breed of buyer emerging as a result of the global credit crunch.

They're called Barbies. Buy Abroad Rent in Britain.

It will be interesting to see if Barbies have any noticable effect on the cost of renting property in the UK as a result of the expected increase in demand.

We're looking forward to showing them our Dordogne property for sale.