Friday, 22 January 2010

Property Prospects in France for 2010

The Daily Mail report today:

"In the south of France, 'there has been a shift from people who would go to the Cote d'Azur who are looking farther afield, towards Marseilles and beyond to Languedoc and inland,' says Mr Hawkins.

Buyers are served by Beziers, Carcasonne and Montpellier airports. Chesterton Humberts has a development of 16 stone villas at Uzes - around 50 minutes from Montpellier - Le Hammeau du Temple in Garrigues Sainte Eulalie, from three to five bedrooms at £462,000 to £760,000.

La Ciotat is a small fishing village 20 miles south-east of Marseilles, which Mr Hawkins says would have been overlooked five years ago. It now has two developments, with 180 seafront apartments with views of the Med, from £184,000 to £680,000 (for the three-bedroom penthouse).

The most interest and activity from UK buyers in Europe is going to be in the £1 million-plus bracket, says David King, of Winkworth.

'We have seen quite a lot of activity from UK buyers, but only from £1 million to £1.5 million upwards. Many of the buyers at around £500,000 have fallen away.'

More on Languedoc-Roussillon Property

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Photo by quinet

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