Now is the time for a bargain in France, says expert
Released on: December 12, 2007, 9:32 am
Press Release Author: Jim watson
Industry: Real Estate
Press Release Summary: Those looking to invest in property in France may find now is a very good time to do it, according to property experts Leggett Immobilier
Press Release Body: Those looking to invest in property in France may find now is a very good time to do it, according to property experts Leggett Immobilier.
Speaking to Aboutproperty.co.uk, executive director Trevor Leggett said the best places to go tended to be the centres of towns and villages.
There were two reasons that he gave for this; price and location. In towns some homes without gardens could be had for as little as Ä25,000 (£18,000). Commenting on this, Mr Leggett stated: \"Once renovated, you may have to sit on your property for a little longer in order for the rest of the market to catch up with you, but French town houses offer excellent, spacious accommodation and can still provide the quieter, relaxed lifestyle people are looking for at half the price of a comparable property down a quiet lane in the countryside.\"
Indeed, Mr Leggett added, the attractions of living in the countryside were offset by some of the difficulties of integration, not least the need to speak French all the time.
\"People are realising it can pay to live in the middle of a charming French town with plenty of amenities and neighbours to help with integration,\" he concluded.
Such considerations may be relevant for the buy-to-let market as well, since there may be an advantage in the attraction of a house in an area well served with amenities rather than on the sticks. The bargain aspect will be significant as well, not least if the investor is looking to sell the property on in time.
The question of who buys property in France has no single straightforward answer. In one instances, this is because certain niche markets exists or are starting to develop, an obvious latter case being that of commuters who will live in France where properties are cheaper and catch the new, faster Eurostar to work in London.
Country Life Magazine, however, has found that this is not the main demographic group who will be buying property in France next year, although the geographical area is in common. Reporting on the annual market report of French property company VEF, which will be published early next year, it finds that in fact it is those aged 56 or over looking to retire across the channel who will be the main buyers.
The survey notes that those buyers stated the retention of traditional values, lower prices, better climate and superior healthcare as the main reasons were the principal reasons behind their decisions to move.
For those investing in town centre property in France therefore, this is the market they may look to target when selling such homes on.
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