Real Estate & Investment News in France from Propertyshowrooms.com

France 'remains a safe haven for property investors'

Fri, 24 Feb 2012 00:00:00 GMT

France's appeal to real estate investors has been strengthened by the news the country is likely to experience positive economic growth in 2012.

Danny Silver, managing director of The Villages Group, highlighted preliminary figures released by the INSEE national statistics office, which show the nation's gross domestic product (GDP) grew by 1.7 per cent last year, in line with official expectations.

In addition, a rise of at least 0.5 per cent in GDP has been predicted for 2012 by the French prime minister Francois Fillon.

Mr Silver commented: "With a positive economic position, the eurozone's second largest economy looks set to avoid recession this year, meaning that France's perception of stability and a safe haven for property buyers will remain strong."

Earlier this month, Richard Deans, head of the UK sales office for MGM French Properties, told Propertywire more than three times as many Brits purchased real estate in France in January this year, compared to the same month in 2011.

He cited the favourable exchange rate between sterling and the euro as one of the major drivers for the increase in sales.

Rising number of Brits buy homes in France

Mon, 13 Feb 2012 00:00:00 GMT

An increase in the number of Brits purchasing property in France has been noted by one real estate expert in the nation.

Richard Deans, head of the UK sales office for MGM Properties, revealed there were more than three times as many buyers interested in homes in France during January this year, than there were in 2010.

He added that real estate in the country's ski resorts has proved particularly popular over the past couple of months, while sterling's strength against the euro has helped encourage people to enter the property market.

"It seems that many of them [buyers] had just been waiting for the exchange rate to go back to 1.2 per cent, significantly reducing their outlay on a new ski property compared with the amount they would have paid a few months ago," Mr Deans stated.

Editor of A Place in the Sun magazine Liz Rowlinson recently commented that France is a popular location among those seeking real estate overseas, thanks to its accessibility, its stable housing market and the good deals available on mortgages at present.

Overseas investors 'looking for deals in up-and-coming Paris districts'

Wed, 8 Feb 2012 00:00:00 GMT

International property investors are increasingly targeting up-and-coming districts in Paris in order to find the best opportunities.

This is according to Thomas Elisian of Paris Attitude Vente, who told the Telegraph overseas buyers are "increasingly willing to look at 'newer' neighbourhoods if they can get an advantageous deal".

Among the districts that may interest investors looking for a French property are the tenth, 17th and 15th arrondissements.

Managing director of Sifex Sarah Francis told the newspaper that real estate assets in the tenth arrondissement experienced capital appreciation of ten per cent over the course of 2011.

The Canal St Martin and Boulevard Magenta are just two areas that have been singled out as sought-after addresses in the district.

It seems it is not only residential property that is attracting investors to Paris, with a recent Jones Lang LaSalle report highlighting the city's popularity for commercial real estate deals.

The French capital was the third most-active market for global property deals in the final quarter of 2011, with only London and New York experiencing higher transaction volumes.

France's image 'helps attract property investors'

Fri, 2 Dec 2011 00:00:00 GMT

France has been named as one of the top ten national brands in the world by the recent FutureBrand Country Brand Index - and one real estate expert believes that the image it projects is one of the reasons why investors are attracted to the destination.

Commenting on France's ninth position in the survey - which covers 113 countries - business development manager of Terresens Charlie Williams noted that despite the ongoing economic crisis in the eurozone, France still has "a timeless appeal".

"It has an unbeatable reputation and with a solid country brand, people will always stop by and visit, making this a reliable bet for property investors," he added.

According to the FutureBrand study, France was ranked at number 13 in the would most like to live in category.

However, it came in second and third place respectively for food and attractions, while it also performed well in the history and art and culture sections.

Its strong perception among tourists could therefore make French property a good investment for anyone who wants to target the holiday rentals market.

French retail properties "attractive to investors"

Tue, 22 Nov 2011 00:00:00 GMT

The retail property market in France has been targeted by overseas investors during the third quarter of 2011, a new report shows.

According to BNP Paribas Real Estate, fashion brands have led the way in the take-up of space on French high streets, with the luxury sector putting in a particularly strong performance.

Rents on the Avenue des Champs-Elysees are currently the highest of Europe's prime shopping locations, standing at €11,000 (£9,401) per sq m per year.

This outstrips London's Oxford Street by over €2,000, which was the second most expensive retail location, the research found.

"Retail has been particularly attractive to investors in France thanks to the resilience of household consumption," the study noted.

Last month, a Jones Lang LaSalle survey into the state of the European retail real estate investment market revealed that the amount of money ploughed into the sector increased during the third quarter of 2011, compared to the previous three-month period.

Opportunities for investment in French Alpine property

Fri, 28 Oct 2011 00:00:00 GMT

Investors looking for property in popular ski areas may want to turn their attention to the French region of the Alps.

The Alpine Property Market Spotlight report from Savills highlighted some of the top locations in Europe in which to invest in real estate for the winter season.

According to the firm, the country's strong tourism market and high demand for rental properties from visitors means "revenue streams provide more compelling investment opportunities, as well as lifestyle choices".

In fact, the researchers discovered that of those who purchase real estate in the Alps, 62 per cent do so for both investment and lifestyle reasons.

The most expensive locations for properties in the French Alps are Val d'Isere, Courcheval and Megeve, while destinations such as La Plagne and Morzine may be more affordable.

Last month, the Knight Frank Ski Index highlighted the growth in summer tourism in some regions of the Alps as a factor that has helped boost rental incomes for property owners in the region. Head of residential research at the organisation Liam Bailey noted that the French resorts have established themselves in this niche market and offer far more than just skiing breaks.

Paris luxury property 'a sought-after asset'

Tue, 20 Sep 2011 00:00:00 GMT

Luxury properties around the world are attracting attention from investors at present, with Paris named as one of the markets that is receiving the most interest.

According to the Christie's International Luxury Residential Report, Paris is one of the real estate markets that has a scarce supply of high-end homes, which is driving up prices in the most desirable locations.

Charles-Marie Jottras from Daniel Feau Conseil Immobilier commented that strict planning regulations in the French capital mean that new luxury properties are unlikely to enter the market at present.

"Planning laws mean that any new buildings must have a percentage of affordable housing included and that is just not going to happen at the high end," he stated.

Earlier this month, RFI reported that property prices in Paris have climbed by 22.5 per cent over the last year, which was described as the biggest rise in values in two decades.

According to the publication, the sixth arrondissement is the most expensive district in the French capital.

Rural properties in France 'becoming more popular'

Thu, 18 Aug 2011 00:00:00 GMT

An increasing number of Brits are seeking out rural properties in France, one real estate expert in the country has revealed.

Patrick Joseph, from My-French-House.com explained that small dwellings in a countryside location with their own land are attracting more attention from overseas investors than previously.

"A rural lifestyle in England comes with a hefty price tag and UK buyers are discovering that they can achieve their dream of a sustainable lifestyle across the Channel far more cheaply," he stated.

Mr Joseph highlighted the Languedoc and Limousin regions as being particularly popular at present among foreigners looking to relocate.

He also noted that real estate assets in France have not undergone the same dramatic price falls as in other eurozone nations, adding that the country is viewed as something of a safe haven on the continent.

And his assertion is backed up by the Knight Frank Global House Price Index for the first quarter of this year, which saw France as the highest ranked European nation in the table, registering annual price growth of 8.7 per cent.

Bargains available in France, buyers told

Fri, 3 Jun 2011 00:00:00 GMT

Price reductions across France mean that there are now a number of bargains available for savvy buyers.

This is according to Heslop & Platt, which noted that in some areas of the country there has been a 25 per cent reduction in asking prices.

Barbara Heslop, partner at the company, explained that buyers needed to stray away from traditional locations if they are to find bargains.

"Obviously not in the hotspots like the Alps or the Cote d'Azur. But in other areas there have been some really interesting price reductions, so you can get bargains."

She added that although exchange rate fluctuations are currently "not helping" buyers, the price reductions seen in many regions of the country have "almost offset" the change in foreign currency values.

Ms Heslop's comments come after news that an increase in air travel of 9.1 per cent to France's Nice Cote d'Azur airport has been recorded in recent months.

French property market 'not heading toward a bubble'

Mon, 30 May 2011 00:00:00 GMT

French property buyers are likely to be encouraged by news that the country's real estate market is not heading towards a bubble.

Prices in the country have been on an upward trend over the past few years, with experts suggesting that this is a result of a lack of supply - rather than financial speculation.

Jean-Philippe Cotis, the general manager of the INSEE, explained that despite reports from that the National Institute for Statistics to the contrary, the formation of a bubble is unlikely.

The news will be welcomed by those looking to buy property in France, with continued positive price growth suggesting that there are opportunities to be had in the sector.

Elsewhere, Charles Smallwood, owner of Agence L'Union, recently claimed that cash-rich Brits are looking to take advantage of the bargain prices on offer in certain areas of France.

The firm noted that many sellers in the country have lowered their prices by as much as 20 to 30 per cent.

France offers investors 'double digit returns'

Wed, 4 May 2011 00:00:00 GMT

Property investors have been told to look at what is on offer in France if they want to attain double-digit returns.

According to property firm Experience International, the country's real estate market offers good opportunities for buyers, with its robust nature proving attractive.

It follows that release of the latest Knight Frank Global House Price Index which shows that France enjoyed a 9.5 per cent annual increase in property prices in the final three months of 2010 compared to the same period 12 months ago.

Steven Worboys, managing director of Experience International, said: "Surpassed within Europe only by Latvia and Austria, the near double digit annual price increase is highly indicative of the robust nature of the French property market.

"The unique conditions we find ourselves in today with the lowest interest rates since WW2, strength of the pound and rising prices make this the perfect time to buy."

However, Homesgofast.com recently reported that economic uncertainty in a number of European destinations has prompted foreign real estate investors to look "further afield" for the best returns.

French property demand remains high

Wed, 20 Apr 2011 00:00:00 GMT

Demand for property in France appears to be strong, with the number of overseas enquiries for homes in the country rising.

Comments from French estate agent Leggett Immobilier suggest that the country has put the recent global economic troubles behind it and is now an attractive market for investors to by in.

So far in 2011, the firm reports that it has seen an almost 100 per cent increase in new buyer enquiries compared to last year's figures.

The stability offered in France is proving attractive to international property investors and reports suggest that the increasing demand is also being driven by mortgage rates, which are at their lowest levels since the Second World War.

"Enquiry levels from both shows are substantially up from both 2009 and 2010," managing director Trevor Leggett said.

"This is particularly the case for property on the Cote D'Azur where our representatives have already closed a significant number of sales this year."

Meanwhile, according to the latest figures from foreign exchange company Moneycorp, Germany, France, Italy and Ireland all proved popular destinations last month.

Low-risk on offer in France

Thu, 24 Mar 2011 00:00:00 GMT

France offers property investors a low-risk, value for money option when it comes to real estate, it has been claimed.

A growing number of British property buyers are now looking at investing in the market, with the country accounting for more than 40 per cent of all mortgage enquiries from Brits buying overseas.

Speaking to A Place in the Sun, Patrick Joseph, of property portal My-French-House.com, believes that stable prices and close proximity to the UK are the main factors behind the trend.

"Property in France doesn't devalue and although the financial gains won't be dramatic there is an almost guaranteed return on investment over time," he said.

Indeed, it would appear that the long-term security offered in France is an attractive prospect for investors, particularly those who have experienced market volatility in other parts of Europe in recent years.

According to France's national association of estate agents, the FNAIM, there will be price rises this year between three and six per cent.

Price rises in France tempting investors

Wed, 16 Mar 2011 00:00:00 GMT

A growing number of overseas investors are looking to take advantage of rising prices in France, it has been suggested.

According to the latest monthly report from Rightmove International, internet searches for real estate in the country have risen dramatically.

Indeed, the firm explains that included within its top ten climbers were several French regions.

The Midi-Pyrenees was up 6.87 per cent, Alpes-Maritimes up 6.53 per cent, the Loire Valley up 5.59 per cent and the Pays de la Loire which was up 2.5 per cent.

It comes in the wake of new figures which show that residential home values in Paris increased by almost 18 per cent in 2010, following after a four per cent decline a year earlier, according to Paris Chamber of Notaries.

Righmove added that other top climbers were Ireland, up four places and Germany, up one place, with price making a big difference according to Robin Wilson, head of Overseas at the firm.

Outlook positive for French property market

Thu, 3 Mar 2011 00:00:00 GMT

Record-low interest rates and generous tax breaks from the French government are helping to drive massive demand for property in the country, a leading mortgage specialist has claimed.

As a result, British investors are increasingly finding themselves in competition with native French buyers for the most sought-after developments.

This is according to Athena Mortgages, which highlighted the positive impact that the tax breaks are having on real estate sales.

John Busby, director of the firm, pointed to recent figures which suggest that the crisis in the sector may be over with in excess of 115,000 units sold in 2010.

"The ultra low interest rates combined with excellent tax breaks have created a buying frenzy in France, which has meant that many investors from Britain had been missing out on the prime units, preferring to wait until something more suitable comes along," Mr Busby said.

Mr Busby added that the outlook for 2011 was looking much more positive, with an increase in the level of stock and choice likely to tempt more individuals to buy property in France.

France property prices 'rise sharply'

Wed, 8 Dec 2010 00:00:00 GMT

Individuals looking to buy property in France may be interested in the latest comments from one expert.

According to the latest figures from the Paris Chamber of Notaires, prices for real estate in Paris have risen sharply in the past year.

The average property price has for the first time broken the EUR 7,000 per square meter barrier, the organisation said. Furthermore, transaction levels in the capital city have also enjoyed a steep rise - up by 23 per cent year-on-year.

This is being driven by strong demand from overseas buyers, especially from Chinese and Italians, the chamber's president Christian Lefevre said.

Mr Lefevre said that is shows that the ‘price explosion’ that started in the heart of Paris has now spread outwards.

Meanwhile, a new law being introduced in the country which requires all sellers to produce an energy report could result in a temporary lack of stock as the sector gets used to the change.

Stability of French property markets is attracting investors

Wed, 27 Oct 2010 00:00:00 GMT

A large number of British property investors have been taking advantage of the recent spell of fine weather on the continent and purchasing real estate in France, it has been claimed.

According to the latest figures from house hunting portal My-French-House.com, the country has been enjoying a buoyant autumn in terms of transaction levels.

The organisation claims that both property investors and lifestyle buyers have been drawn to France over the past few months.

Indeed, the country accounts for more than 40 per cent of all mortgage enquiries for British buyers investing overseas, the firm says.

Patrick Joseph, of the company, believes that the popularity of France is a result of the stability offered by its property market compared to other European destinations.

"Buyers are looking for somewhere they can get away to easily for weekend breaks and holidays but they also want properties that have good rental potential and represent value for money and security for their investment," he said.

Rural French property 'experiencing peaks and troughs'

Tue, 24 Aug 2010 00:00:00 GMT

Property in the French countryside is experiencing peaks and troughs, according to the latest French Rural Property Index.

The data from Sextant French Properties highlights that the average property price across 12 regions dropped 0.4 per cent in August 2010, compared with July 2010.

However, this represents a 13.69 per cent increase over the past ten months and a number of regions, including Aquitaine, Centre, Midi-Pyrenees, Nord Pas-de-Calais and Normandy all saw their prices rise.

In particular, there is good news for people with Midi-Pyrenees property listings as the average price in the region has increased 32 per cent from October 2009 to €428,554.

For people looking to invest their cash in French property, the firm recommends Languedoc, which is one of the sunniest regions and has seen modest price rises of 2.83 per cent since October last year, and Limousin, which has seen prices drop 7.55 per cent in the past nine months.

Shelter Offshore recently said that property in France represents an evergreen investment.

French property market 'in recovery'

Mon, 16 Aug 2010 00:00:00 GMT

The French property market is showing signs of recovery, according to the latest data from Chesterton Humberts.

In the 12 months to March 2010, the average price of new single family homes rose by 5.9 per cent, while new apartment prices were up 6.9 per cent.

However, prices for resold family homes rose by just 2.6 per cent.

The report also highlighted that the most popular region for foreign second home owners was Provence-Alpes-Cote d'Azur, followed by Languedoc-Roussillon and Rhone-Alpes.

Overall, foreign ownership of second homes has risen by over 50 per cent since 1997, people thinking about investing in French property may be interested to know.

"The outlook for the remainder of 2010 is likely to be characterised by a slow but gradual improvement in both demand and firming of prices," the report concluded.

Last month, France's Chamber of Notaries revealed that Bordeaux, Lille, Lyon, Toulouse, Nice and Paris all experienced appreciation of property values during the first three months of 2010.

New ski train 'to boost property investment in France'

Thu, 12 Aug 2010 00:00:00 GMT

A new ski train between the UK and the Alps is likely to boost property investment in France, it has been claimed.

Its ease of accessibility is one of the reasons France is particularly popular with UK investors and the new winter service is likely to increase interest further.

Charlie Williams, French property expert at Experience International, said: "The French Alps have and always will offer the finest skiing in Europe in my opinion. Ski property with quick and easy access from the UK is in particularly high demand and the news that you can go from London to the Alps in seven hours spells good news for owners; I fully expect demand and subsequently property values to rise."

The winter Eurostar service will begin on December 19th and will travel from St Pancras and Ashford International to Moutiers, Aime-La-Plage and Bourg St Maurice.

Earlier this month, managing director of French Travel Service Bill Smallwood said that the Eurostar has boosted France's popularity as a holiday destination as people can easily enjoy a comfortable and scenic trip to the nation.

Overseas property searches still up on 2009 figures despite drop

Wed, 4 Aug 2010 00:00:00 GMT

The number of people searching for homes and properties overseas dropped by an average of seven per cent between May and June 2010, recent data showed.

Despite the drop, international property searches were still up by an average of 138 per cent compared to 2009's figures according to statistics released by Primelocation.com.

The biggest increase came from those looking for a home in the United States, which saw a 192 per cent increase on searches over the 12 months from June 2009 to June 2010.

While the top five destinations, including Spain and France, saw property searches tail off for a third consecutive month, UK movers searching for homes in the United Arab Emirates rose by five per cent on May's figures.

Primelocation.com's international development manager, Ann Wright, said: "June is traditionally a quieter month for both the domestic and international property markets and this year has proved no exception."

A survey conducted by Rightmove.co.uk revealed last week indicated that the majority of British homebuyers expect the UK market to maintain or increase its current level over the next year.

Price growth in French property market could be a catalyst for further rises

Fri, 16 Jul 2010 00:00:00 GMT

Individuals looking at Aquitaine real estate listings may be interested to hear that prices in Bordeaux climbed 2.5 per cent during the first quarter of 2010.

In addition, Lille, Lyon, Toulouse, Nice and Paris all experienced appreciation of property values during the period, the Chamber of Notaries has revealed.

The body believes that these strong increases could be an early sign that the French real estate market is about to experience further sharp rises.

In particular, Paris has been singled out as a destination where growth of around ten per cent may occur, with demand driven by older homes in the capital city.

Currently, investors looking to buy real estate in the French market will be able to capitalise on the strength of sterling against the euro.

John Busby, director of Athena Mortgages, said that the current return on investment for many individuals buying property in the country was "impressive".

"The pound is at a 19-month high against the euro and the horizon for rate increases still seems a way off and mortgage rates remain at their historic lows," he added.

France proving popular with British property investors

Fri, 2 Jul 2010 00:00:00 GMT

Foreign property sales are becoming a more regular occurrence for Brits looking to take advantage of a strong pound and bargain real estate, it has been suggested.

Overseas Property Professional has reported news that foreign exchange broker World First has seen a 200 per cent rise in property-related transactions in comparison to last year.

Elisabeth Dobson, head of private clients at World First, told the news provider that there was generally an air of positivity and confidence in the overseas market that had not been seen 12 months ago.

"Our partners in France and Spain both report increased interest from UK-based buyers, although this is restricted to certain areas," she said.

Individuals looking to search for Properties in Languedoc-Roussillon, will be encouraged to hear that the region is proving to be popular among buyers.

Ms Dobson claims that the strengthening of sterling meant that many UK-based buyers are "exceptionally well placed to bag a bargain".

Meanwhile, France was named as the best destination to live in terms of quality of life for the fifth year in a row by International Property Magazine.

Rental prices high for French property investors

Tue, 29 Jun 2010 00:00:00 GMT

Individuals looking to make a wealth-building investment in property may want to consider owning a home in France, according to research.

Flatshare website Easyroommate.co.uk has studied how much it costs to rent properties per month in various countries.

It was found that the UK had the highest average monthly costs to rent a room in a shared property, with France coming in second.

Property investors in France can expect to gain £285 from each tenant in a house on a monthly basis, with £282 each month typical in Italy and just £199 in Spain.

Jonathan Moore, director of Easyroommate.co.uk, said: "Spanish flatmates are getting a fair deal without that extra demand driving up rent.

"An oversupply of properties - both to buy and to rent - combined with better access to mortgage finance and deteriorating real estate price is keeping rents down."

The avoidance of long haul flights and the ease of access from the UK are among the reasons why property investment in France could be particularly popular.

French property to be popular after the economic crisis

Mon, 14 Jun 2010 00:00:00 GMT

As a result of the global economic crisis a large number of property investors are expected to buy closer to home in the future, with the French real estate sector looking to be an attractive proposition for many.

Property Abroad has suggested that the proximity of the market in France is likely to be a deciding factor for many speculators, with the portal predicting that it will experience a "strong few years in terms of demand from British buyers".

The property crash has meant that those who looked further afield for investment destinations are now looking to revisit the relatively safe European markets, but with Spain, Italy and Portugal still experiencing financial difficulties, France has been left in a strong position.

"Today's overseas property buyer is akin to those first brave few who originally opened up the trend, well, not quite but close and certainly as risk averse," the article noted.

Popular tourist destinations in the country could be a favourite among potential investors, with the news maybe leading to an increase in the number of people looking at Midi-Pyrenees property listings.

UK investors capitalising on the weakened euro

Wed, 9 Jun 2010 00:00:00 GMT

UK-based investors in eurozone destinations such as France have been capitalising on current exchange rates, it has been suggested.

International mortgage broker Conti has claimed that the weak euro is helping to ensure that British investors with euro mortgages have been saving thousands of pounds as loan values fall.

According to Conti, the number of real estate speculators who decide to opt for euro-based mortgages is likely to rise if sterling continues to appreciate over the next few years.

Clare Nessling, operations director for the company, said: "Even cash-rich buyers could consider taking out a euro mortgage until the exchange rate improves, at which point they can pay it back and ultimately reduce the price they pay for the property."

Individuals looking at Aquitaine real estate listings may want to capitalise on the favourable exchange rate, with the south-western region boasting a rich and diverse history which makes it a popular destination for tourists.

Investor confidence is returning to the French property market

Mon, 7 Jun 2010 00:00:00 GMT

The number of property investors looking to take advantage of the recovering French real estate market rose steeply during May, with many individuals feeling more confident about re-entering the sector.

According to French mortgage specialist Athena Mortgages, there has been a surge in interest in the country, with the number of enquiries by UK-based purchasers up 72 per cent in the first quarter of 2010.

In particular, buyers were looking at new builds in the country.

Company director John Busby said: "We have certainly noticed a change in the mindset of UK investors and in particular during the last two months we have taken a lot of calls from prospective buyers who are serious about investing in France.

"There is definitely a feeling amongst investors that this is a pretty good time to buy in France, with the value of the euro plummeting in the last couple of months."

The news could lead to an increase in the number of people looking at Midi-Pyrenees property listings, with the southern region boasting some popular tourist destinations.

French Alpine property holding its value well

Fri, 4 Jun 2010 00:00:00 GMT

Investors looking for real estate in France may be interested to learn that Alpine property holds its value well, even in tough economic times.

According to an article by the Essex Gazette, the destination has performed strongly despite many other regions struggling through the recession.

The news may have an impact on the number of individuals looking for Rhone-Alpes property, with the destination benefiting from being a popular tourist region.

Simon Mansfield, of estate agent Charltons in Chelmsford, said that any drop in value experienced in the overseas property market needed to be looked at in context.

He told the news provider: "The Alps differs in that there are strict limitations on development, thereby controlling supply against the high demand, well managed investment in infrastructure and a clear and controlled buying process backed by strong financial procedures.

"France is showing itself as the secure asset and in turn selected demand for property in the French Alps has stood up exceptionally well."

Holiday rental service Cottages4you recently claimed that France was the ideal destination for families to visit.

France is the 'perfect destination for families'

Tue, 25 May 2010 00:00:00 GMT

Individuals who have decided to search for properties in Languedoc-Roussillon may be interested to hear that France is the ideal destination for a family holiday.

According to a spokesperson for holiday rental service Cottages4you, the country has a wide range of activities and interests to keep visitors entertained.

The comments come after research published by Eurostar revealed that during the volcanic ash-related disruption to flights, the high-speed train service put on an additional 63 trains and carried 500,000 passengers - 100,000 more than were booked to travel.

Among the popular regions in France are Brittany, Dordogne, Normandy and Languedoc-Rousillon, all of which are easily accessible by car, the property portal claims.

"It's proximity to the UK means easy access, no long flights and you can even pack your own car up and head across the channel, with no baggage allowances to worry about," the spokesperson added.

"The range of beaches, countryside and market towns provide the perfect backdrop for a family holiday."

Rental income should be utilised to cover overseas property costs

Sat, 17 Apr 2010 00:00:00 GMT

Overseas property investors have been given advice to help them cope with the soaring costs of maintaining property abroad.

Following a study by currency specialists HiFX, which found that a massive 85 per cent of investors overseas had seen maintenance costs rise in the last 12 months, it has been suggested that owners take advantage of possible revenue gaining schemes.

According to the research, a surprisingly high figure of 70 per cent of holiday home owners are missing out on the opportunity to generate income by renting their real estate while it is not in use.

Angela Southall, marketing manager from Owners Direct, explained that time should be taken to ensure that owners target the right market.

"We always recommend holiday home owners really understand the trends specific to their location," she added.

"Talk to neighbours, the local economic development office and estate agents about rental rates."

Figures released by property portal HomeAway.co.uk revealed that an increasing number of Brits are looking to buy holiday homes in the current economic climate rather than investment or buy-to-let purchases.

New French trust laws are the 'largest development in overseas property for a decade'

Thu, 11 Mar 2010 00:00:00 GMT

France could benefit from a massive influx of foreign property investment after its government decided to implement the country's first ever trust law.

A report on Overseas Property Professional has explained that the new guidelines mean that foreign pension trustees will now be allowed to invest in leaseback property within the country.

Furthermore, wealthy investors can now avoid heavy taxation when using offshore funds for property transactions.

Investors from tax havens such as Jersey, Guernsey, the Isle of Man, the British Virgin Islands and the Cayman Islands will now be exempt from the three per cent penalty that has been applied in past years.

David Anderson, of law and tax firm Sykes Anderson, told OPP that this could represent one of the largest developments in overseas property of the last ten years.

"We're seeing quite a run of high net worth individuals with offshore funds focusing on trophy properties and asset classes that can't be bought in the UK, such as vineyards and ski lodges, as well as prime agricultural land."

A survey conducted by HomeAway and Savills recently claimed that France was set to become an investment hotspot during 2010.

France could be an investment hotspot this year

Tue, 9 Mar 2010 00:00:00 GMT

French property is likely to be at the forefront of the minds of many investors this year, with foreign buyers looking to capitalise on the popularity of eurozone destinations.

According to a survey conducted by HomeAway.co.uk and Savills, there will be a resurgence in wealthy lifestyle buyers, purchasing property with cash.

Established markets such as France are likely to be the beneficiaries of the property buyers as many shy away from more risky markets in light of the economic climate.

Courtney Wylie, general manager at HomeAway Holiday-Rentals, commented: "Traditional holiday hotspots are among the top-performing destinations … with places like the Cote d'Azur, Malaga Province, the Balearics and the Algarve all being great options for reliable rental returns.

"For anyone hoping to rent, it is essential to research the tourist market first, particularly when considering emerging markets. Access to the destination should also be considered."

International Property Magazine recently placed France at the top of its Quality of Life Index for the fifth year in a row.

French Alps good for investment

Sat, 27 Feb 2010 00:00:00 GMT

An apartment in the French Alps could represent a good investment opportunity for overseas buyers this year, it has been claimed.

Estate agent Knight Frank has released its top recommendations for investment in France during 2010 and Chamonix is expected to fare well.

The property portal says that it has experienced an increased demand for houses in the region and as such prices have remained relatively stable.

Paul Humphreys, head of Knight Frank's French department, explained that property prices in Chamonix have now become more affordable.

He continued: "The snow has again been good and despite the last two years in the financial world, the skiing season has been busy in 2008-09 and 2009-10 so far, giving a good basis for both a lifestyle and investment purchase.

"Those areas where prices have reduced, sales volumes will increase while demand for property in the prime locations will underpin price stability in these areas."

France was recently awarded the top spot in International Property Magazine's Quality of Life Index for the fifth year in a row.

Euro mortgages could save British investors thousands of pounds

Thu, 18 Feb 2010 00:00:00 GMT

An increasing number of British investors buying property in European countries, such as France, are beating the exchange rate by taking out mortgages in euros, it has been reported.

Overseas Property Professional (OPP) has stated that individuals can potentially make a saving of thousands of pounds by borrowing euros and waiting until the GBP strengthens before repaying the loans.

Mortgage broker International Private Finance has seen applications for mortgages in euros increase by 70 per cent during January, compared to last year.

Elisabeth Dobson, head of private clients at World First, explained to OPP: "As cheap rates are currently available, they are taking the long-term view that the euro will weaken against the pound and their European property will ultimately become cheaper to buy."

The National Association of Estate Agents International recently said that France is likely to benefit in 2010 from not having an overpriced housing market.

This will ensure that prices in the country are at their most affordable for many years.

Leasebacks in the French Alps present a 'good investment opportunity'

Tue, 9 Feb 2010 00:00:00 GMT

The French Alps could provide British investors with a good opportunity, it has been reported.

British daily newspaper the Independent has said that ski-resort apartments in the region could represent an ideal "nest egg" for those looking for property.

They recommend investors taking advantage of leaseback deals, which ensure that any running costs encountered on the property such as bills, repairs or maintenance are met by the property's managing company.

Clare Nessling, operations director at Conti Financial Services, explained to the paper how French mortgage lenders had helped ensure the property market in the country had survived the economic conditions.

She said: "French lenders will want to see that 35 per cent of your gross monthly income is sufficient to cover the new mortgage and all of your existing liabilities in the UK.

"Affordability is therefore based on existing debt rather than income levels, that is why France has fared relatively well in the downturn."

According to Nick Dowlatshahi, managing director at Leapfrog Properties, more investors will be looking to buy into stable economies such as France in 2010.

France will continue to offer "excellent deals" for investors

Tue, 2 Feb 2010 00:00:00 GMT

Property investors were able to get some "excellent deals" in France last year and this trend is likely to continue throughout 2010.

According to Nick Dowlatshahi, managing director at Leapfrog Properties, the trend of investors buying into more stable economies such as France helped boost sales.

Mr Dowlatshahi recommended that potential purchasers bypass new developments and look to year-old sites in order to pick up a bargain, with developers slashing prices to pay back bank loans.

"2009 was a very good year for people buying French property; not the holiday home buyers or people moving to France, but pure investors who were after some discounted deals from developers," he noted.

"A lot of investors switched from other more unstable countries to France because of the discounts and because of the stability."

He added that the country offered investors plenty of potential, with opportunities for investment nationwide.

International Property Magazine recently placed France at the top of its Quality of Life Index for the fifth year in a row.

France sees resurgence in foreign investment

Wed, 27 Jan 2010 00:00:00 GMT

Low interest rates on French mortgages are bringing investors back to the country, one travel and property website has said.

According to easier.com, many Brits who held back on overseas investment during the economic crisis are taking advantage of the cheap rates now on offer.

The rush to take advantage of low prices is helping to drive the property market in France forward at its fastest rate in two years.

"People who had felt it wise due to the recession to put their purchase on hold until late 2010 have suddenly realised that now is the best time to buy if they are going to finance the purchase with a mortgage," the website claims.

Currently exchange rates between the GBP and EUR are at the highest they have been since August 2008, making this a good time to purchase property in eurozone countries.

Meanwhile, International Living magazine's Quality of Life Index lists France as the best destination in which to live.

Foreign property investors 'on the increase'

Mon, 11 Jan 2010 00:00:00 GMT

Foreign property investors are starting to re-enter the market again, following a period of dominance by lifestyle purchasers, it has been stated.

This view was proffered by Adam Samuel, a director at overseas property portal Nubricks.com, who said that the past two years have seen most buyers looking to locations such as Spain, parts of the US and Cyprus.

Now, however, new destinations like Germany are coming onto the radar as investors see their wealth grow, he noted.

One location which is very much a lifestyle destination is France, Mr Samuel commented, remarking: "Investors are less likely to buy in that area as opposed to lifestyle buyers."

He stated that this explains why the country has recently slipped down the list of the most searched-for countries on the Property Abroad website.

This site, which put the US at the top of the list and Spain second, had France in tenth place for searches in December, down from fourth a month earlier.

France 'offering Alpine property bargains'

Tue, 15 Dec 2009 00:00:00 GMT

France is offering a wealth of property bargains in the Alps, it has been stated.

In a feature on the ski areas of the mountains, the Daily Mail noted that the anecdotal evidence of property professionals is that the country's winter sports regions have seen a softening in value.

Ski specialist Erna Low was quoted by the paper as stating: "Interestingly, it is largely the French who are snapping them up, exploiting recent domestic tax breaks while the British are dithering."

Ms Low is selling properties in the Arc 1950 development for around 33 per cent less than the 2007 peak price.

Britons keen to invest may wish to do so now before values rise significantly again.

Figures from Knight Frank's Global House Price Survey for the third quarter of 2009 indicated that the country saw an eight per cent fall in the year to the end of the third quarter, but a 1.9 per cent rise in the three months to October.

French property hints at recovery

Fri, 11 Dec 2009 00:00:00 GMT

Property in France is starting to increase in value, new figures have indicated.

The Knight Frank Global House Price Index for the third quarter of the year showed that overall, the year-on-year trend in the country had been for prices to decline by eight per cent.

However, the period between July and September saw the cost of a home in the country increase by 1.9 per cent, suggesting that the market there could be bouncing back, while at the same time offering lower prices than would have to have been paid a year ago.

The development comes at a time when economies and housing markets alike are showing increasingly positive signs.

Head of residential research at Knight Frank Liam Bailey observed that nearly seven out of ten countries are now seeing residential property prices rise, compared with only half in the second quarter.

France's improvement may be linked to its economic recovery, with recent figures from Eurostat showing that it saw growth for the second successive quarter in the three months to October.

Britons 'still inspired to go to France'

Fri, 27 Nov 2009 00:00:00 GMT

Britons are still prompted to go to France by the image of the country presented by author Peter Mayle, it has been stated.

Editor of Living France Magazine Eleanor O'Kane told Breaking Travel News that the writer's book - A Year in Provence - helped spark greater interest in living across the channel when it was published 20 years ago.

She said that the magazine is the best selling publication of its type and attributed this to the enduring popularity of the country with British buyers.

"Twenty years on and thousands of Brits still want to make the move to France," Ms O'Kane noted.

The editor made the remarks as she announced that Living France is interviewing Mr Mayle to mark the anniversary of the book's release and to find out more from him on "what people moving to France today can expect".

Property portals Homes Overseas and Homesgofast both listed France as second only to Brazil among the best places to buy property in 2010.

France show tip for interested parties

Fri, 20 Nov 2009 00:00:00 GMT

Those who may be interested in buying property in France could be keen to find out more at the France Show in London next month.

The Daily Telegraph has produced a guide to the themes of the event, which includes French property.

It will also provide a chance for people to sample French culture, cuisine, wine and art during the show, taking place at Earls Court from January 8th-10th.

Such aspects of French life may be of interest to those thinking of moving there.

Last month, the paper noted that French Property News is running the real estate aspect of the show, with this including professionals such as estate agents, solicitors and banks to help and advise on all aspects of the process of buying there.

As well as the seminars, there will be thousands of available properties on display.

The French property market may be boosted by recent news that it has just enjoyed its second successive quarter of economic growth, having emerged from recession halfway through 2009.

France 'offering wide appeal to buyers'

Thu, 22 Oct 2009 00:00:00 GMT

Britons keen on buying property in France do so for a wide number of reasons, an expert on emigration has said.

Director of expat portal Shelter Offshore Rhiannon Davies remarked that Paris is a favourite with many, although some prefer alternatives to urban living.

She observed: "Britons are still seeking out the rural idyll that provides them with the best balance between escapism and finding great weather, a fantastic lifestyle and an affordable cost of living."

Other reasons for the popularity of the country include its food and wine, culture and proximity to Britain, Ms Davies noted.

She was speaking after consumer website uSwitch placed France top of ten European nations in terms of quality of life, a list that also put the UK at the bottom.

It noted that the country has a lower cost of living, better weather, higher levels of public health spending and more public holidays in comparison with Britain.

Buyers 'looking to Europe again'

Thu, 8 Oct 2009 00:00:00 GMT

British buyers are starting to look to purchase second homes on the continent again, it has been claimed.

Editor at A Place in the Sun Magazine Richard Way said a UN survey highlighting Norway, Iceland and Australia as the best places in the world to live did not tell an accurate picture for Britons looking for a second home.

Of these three, only Australia is a popular location for UK buyers, as the other two lack warm, sunny weather, he stated.

Mr Way remarked that Britons are focusing on familiar European destinations, as these are the places they are "comfortable with and that are easy to get to from the UK".

He predicted a "gradual" increase in overseas purchases in these places over the next two years, rather than a sudden boom.

The improved popularity of traditional European property hotspots was highlighted by overseas mortgage providers Conti last month.

It noted that a greater proportion of enquiries it received were about France and Spain this year than in 2008, with the French sector seeing these more than double.

IMF forecast may boost French property

Fri, 2 Oct 2009 00:00:00 GMT

The French property market may be set for a boost as the International Monetary Fund (IMF) predicted that it would be the best performing of the large national economies in the eurozone next year.

In its latest World Economic Outlook projections, the body said that France will see a 0.9 per cent rise in gross domestic product (GDP) in 2010, compared with a 0.3 per cent rise for the eurozone as a whole.

Germany will see a 0.3 per cent rise and Italy 0.2 per cent, it predicted.

Such a situation could see the French property enjoying better prospects, as a stronger national economy may help underpin prices and bring unemployment down sooner than in other countries.

Among other places tipped for growth, the US was projected to see a 1.5 per cent rise in GDP.

And the newly-industrialised Asian economies are anticipated to grow by 3.6 per cent, something that may interest those thinking of investing in Thailand or Malaysia.

France is a highly stable market where mortgages of 100 per cent loan-to-value have been easier to get than elsewhere during the credit crunch, director of overseas mortgage brokers Conti Clare Nessling recently told the Independent.

France 'the most popular British market'

Thu, 17 Sep 2009 00:00:00 GMT

More people want to buy an overseas property in France than anywhere else, it has been stated.

Overseas mortgage firm Conti revealed that so far this year the country has been the subject of 31 per cent of customer enquiries, making it the most popular destination.

This tally more than doubled the 15 per cent of enquiries France accounted for in 2008.

Analysing the findings, the firm said the cautious lending and consequent greater stability of French banks means there is more mortgage choice there, with 100 per cent home loan deals available.

It also noted that property prices have been trimmed by many sellers to secure a transaction, making it a "buyers' market".

This and low interest rates make it an "increasingly attractive investment proposition", Conti declared.

Last week, estate agent with Leggett Immobilier Mary Hawkins told the Times that many of the bargains can be gained from Britons looking to sell their French properties so they can buy in Britain as UK prices begin to increase again.

Property in France 'getting cheaper'

Wed, 2 Sep 2009 00:00:00 GMT

Properties in France can be cheaper to buy now than they were in 2007 despite the weak pound, it has been stated.

In an article on chateaux in the Dordogne region, the Daily Mail observed that sellers have been lowering their asking prices by between ten and 30 per cent.

The paper calculated that a home where the reduction was by the latter figure would be cheaper now than in 2007, even though the pound was worth as much as EUR1.50 that year.

Georgina Caldwell of French Property News explained to the news provider that market sentiment in France is getting better.

Noting that one estate agent had "sold a house every week for the past four months", she stated: "The outlook in the market is positive."

French Property News recently stated that those looking for a bargain in France might be able to do this via an auction.

It also said this is often a productive route for those seeking an unusual home.

Stimulus 'has done the job' in France

Wed, 19 Aug 2009 00:00:00 GMT

France's economy has been successfully boosted by the economic stimulus its government put in place, an economic expert has said.

Professor Iain Begg from the European Institute of the London School of Economics argued that measures such as fiscal stimulus, tax cuts and lower interest rates "are now working" and this explains why France and Germany are out of recession.

He suggested those who had questioned why such measures were having no apparent effect a few months ago "will probably find that they have miscalculated" and predicted that Britain will also inevitably recover in time thanks to its own package.

France's property market may be boosted by the development and on the basis of Professor Begg's comments other countries may also benefit.

This could mean better prospects for investors in counties like the US, which introduced its own package earlier this year.

Figures from the Statistical Office of the European Communities Eurostat showed that the eurozone economy as a whole saw a 0.1 per cent contraction in the second quarter, in contrast with the 0.3 per cent growth rate seen in France and Germany, as well as Greece and Portugal.

Many Britons 'taking long-term view' of French property

Tue, 18 Aug 2009 00:00:00 GMT

Many British investors in French property are taking a long-term view of property values, it has been stated.

Writing in the Daily Telegraph, expat Frederic Raphael stated that a number of Britons have been struggling with the additional costs of buying and living created by the weakness of the pound against the euro.

He noted that for those who are looking to sell up in the south-west of the country, they will be "unlikely" to get the same price as they paid, something that may interest investors who do get the chance to acquire a property.

Mr Raphael stated that those Britons residing in France may enjoy the lifestyle as well as a relative lack of Anglicisation in the current climate, with the knowledge that eventually the cost differences will be eliminated by a strengthened pound.

Those keen on buying property in France and seeing the value of their property rise may have been encouraged by news last week that the country is no longer in recession.

France saw its gross domestic product increase by 0.3 per cent in the second quarter of this year.

Dordogne described as 'most beautiful' for buyers

Thu, 16 Jul 2009 00:00:00 GMT

The Dordogne region of France offers one of the best prospects for overseas buyers due to its attractiveness, it has been stated.

According to Frenchestateagents.com, "many people, including many expatriates, feel that the Dordogne is one of the most beautiful regions of France".

The site noted that the department has ten per cent of all the chateaux in France and has good air links with the UK via Limoges, Bergerac and Bordeaux airports.

It made the comments about the region while giving an example of one of the properties it offers, a four-bedroom house worth EUR376,000 (GBP322,000).

Those keen to buy a home in France may find it costs them less to do so in the near future, according to a senior Bank of England official.

Adam Posen, who is to become the newest member of the Bank's Monetary Policy Committee, told the House of Commons Treasury Select Committee that the pound will trade at a higher level against the euro in the medium term.