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Burgundy ripe with developable properties

Article Date : Friday, April 27, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The outstanding investment potential of the Burgundy region of the south of France is often overlooked by short-sighted investors, according to a spokesperson for property specialists Rightmove.

Local competition for investors in the Burgundy property market is curbed because purchase prices are often too high for French citizens looking for a home.

Yet "British people have somehow forgotten about it," Rightmove's Maud Rousseau remarked.

Investment opportunities for British homebuyers looking to snap up and spruce up a property in a great location with a fabulous climate are rife, she stressed: "You can still get a very good price for an amazing property".

Ms Rousseau suggested that the best buys will often be homes in need of some slight renovation, which French buyers will tend to avoid.

As an investment, she added, a Burgundy home is unlikely to disappoint ? demand for accommodation from visiting holidaymakers will stay strong as long as the weather stays hot, and spring temperatures of 29 degrees Celsius are currently blessing Burgundy's vineyards.
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