1st for French Property have noted an upturn in sales and enquiries in the last 2 months. The market has been fragile for about 2 years with many looking but not committing to a purchase. Many have decided the time is right and are returning to the market. This article from Connexion is a good summary of the market across France.
"People expected to buy properties for next to nothing, spend a fortune doing them up and then sell them for a fortune. But the reason the Creuse was unheard of was that no one else wanted to go there, and no one wanted to buy the expensive done-up properties.
"I am sure there still are some areas in rural France that are very cheap, but they will be so far off the radar no one knows where they are."
Mr Gillooley said that, on the whole, Britons still wanted the same kind of properties as before and were "back in the market now". However they are still hoping to pay less than before, especially as UK property prices have gone down and they have less to spend if they have sold up at home. Fortunately, French prices are mainly also lower than they were a few years ago, he said.
"Things are busier now than this time last year. It is looking up a little, but buyers are very realistic, and are pickier and choosier. There are still not enough buyers, so vendors must still make sure their properties are realistically priced to sell."
Mr Gillooley said that, in the popular areas of the Dordogne, the old trend of Britons buying to renovate no longer applied, because there were no old properties to renovate left. "Some fringe areas in the north have a few, but in the heart of the Dordogne Valley there has been nothing left for about 15 years," he said.
"Also, the cost of renovation has gone up and up, while the value of properties has gone down, so it is no longer good value to do it. Renovating is an escalating cost: when you start you never know how much it will endup costing, so it is much better to buy one that is already done up.
"Once upon a time, when people said they wanted to renovate, we were talking about roofs, windows, floors, electricity, extensions. Now it means putting in a new sink unit, a new kitchen maybe a new bathroom. To some extent, that is a good thing."
Mr Gillooley said holiday home sales were slower than in the past in the south-west because people had less money and it was a luxury, but those who wanted to make a permanent move were still doing so.
"Priorities include access to transport, such as low-cost airports and all the other things they wanted 30 years ago � old stone, independent but close to the shops etc. However, they have to put up with what they can get. "There are houses half an hour from an airport or in villages with shops, but most of our villages are an hour from an airport and haven't got shops. But it is still an area where many Britons buy."
International unit manager for mortgage brokers Cafpi, Kathleen MacKinnon, said those buying in France today were "quality buyers, people who know what they are doing rather than dreamers".
In the past, she said, there were a lot of inquiries and few people completing. Now a higher percentage complete compared to last year. They are still buying in such areas as the Riviera and south-west, she said.
A manager for RHF International, which specialises in Riviera properties, Jeroen Zaat, said that they had seen a revival, especially for
luxury properties."On the whole, especially in the higher budgets, there are quite a few sales being done. In the lower budgets, there is more hesitancy," he said. "People in times of uncertainty flock back to well-known areas. The more obscure areas are now less interesting.
"It's the well-known coastal towns, such as Antibes or Cannes, or some well-known villages such as Mougins and Valbonne that attract a lot of British buyers now."
In their business, about 70% of homes sold as holiday properties, he said, which was comparable to the past. However, he has noticed some change: "There has been a shift towards more modern properties. In the past, it was the old Proven�al bastides with exposed beams. There are still some hardcore aficionados of that style, but now clients often either want ultra-modern design or new-build with a touch of the old.
"It should be light and airy with lots of space. Typical styles that sell are characterised by wooden floors and glass and chrome or stainless steel contrasts in combination with, for example, black slate or white stone."
He said clients wanted the perfect location: quiet, close to the sea and the airport, but it was not always easy to find all their requirements in one home and in budget.
A director of currency transfer specialists HiFX, Mark Bodega, said their data showed interest remained high in established areas such as Normandy and Brittany.
"For many people, ease of getting to their property is an important consideration, especially if they want to let it as a holiday home or expect to use it regularly at weekends, not to mention the impact this has on its future sale value.
"Mid-French regions such as the Poitou-Charentes and Limousin remain popular. Located in easy reach of airports served by low-cost airlines, they are ideal for visitors or for seeing family and friends back home."
HiFX says the value of sterling hit a 19-month high after the British general election and appears to have stabilised: a plus for Britons buying in France compared to last year.
None the less, Mr Bodega said sudden changes remain possible (eg. the amount you can get for your pounds changed 13.5% between March and June this year).
This is one reason why some clients negotiating to buy French homes fix a rate for a future completion date.
"You would never agree to buy a property in the UK if you did not know what it would cost you," he said.
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