Wealthy Americans shopping for holiday homes in Europe while euro is weak

For thousands of Americans, there’s no place like (a luxury second) home (in Europe).

As the value of the Euro plummets, US buyers are flocking to Europe in search of property.

According to real estate company Knight Frank, searches for French properties by US-based buyers jumped 37 per cent in the first five months of 2022 compared to the same period last year.

Cities across Europe are experiencing “the same trend,” writes Kate Everett-Allen, a partner in residential research at Knight Frank.

“The stalwarts of Paris, Venice and Tuscany are attracting a higher volume of US interest but so too are Mallorca, Sardinia and the South of France,” she says.

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