It’s time to start looking into holiday home insurance once more, because some of the premier foreign property markets are starting to look very appealing indeed. Enjoying a healthier economic recovery than some, the French property market is particularly stable with prices unchanged from July to September despite the increasing amount of successful sales.
The news came recently from the Federation nationale des agents immobiliers (FNAIM) who represent 1700 French estate agents in the European powerhouse. They suggest that property prices are rising in the Cote d’Azur, Aquitaine and Brittany and they are also suggesting a sustained demand for the limited homes available in popular French urban areas. They aren’t the only ones studying house prices and a contemporary study by the National Institute for Statistics and Economic Studies in France (INSEE) suggests that the British are particularly enamoured with romantic France. 135,000 are living there full-time, and of that, 21,000 have their permanent home in Paris. This number is so significant, that Britons apparently account for 15% of home ownership in Paris. With 30 million tourists visiting Paris in 2009, this enthusiasm for French property suggests a massive market for second homes in such a popular destination. With Eurostar making transport between home and France incredibly simple, the country is the ideal home away from home and a great cultural centre to boot.
Whilst the small number of homes in the centre of urban france will mean a sunny future for the French economy, the consumer who has to foot the bill will only have to shell out more as time passes. Therefore, it’s worth considering making that dream purchase sooner rather than later. To sweeten the deal, France is also on its feet in another sector: money lending.. Mortgages are easily available and with generous borrowing rates and 100 per cent loan-to-value. Auxiliary markets providing such services as Holiday cottage insurance also remain strong.
The news came recently from the Federation nationale des agents immobiliers (FNAIM) who represent 1700 French estate agents in the European powerhouse. They suggest that property prices are rising in the Cote d’Azur, Aquitaine and Brittany and they are also suggesting a sustained demand for the limited homes available in popular French urban areas. They aren’t the only ones studying house prices and a contemporary study by the National Institute for Statistics and Economic Studies in France (INSEE) suggests that the British are particularly enamoured with romantic France. 135,000 are living there full-time, and of that, 21,000 have their permanent home in Paris. This number is so significant, that Britons apparently account for 15% of home ownership in Paris. With 30 million tourists visiting Paris in 2009, this enthusiasm for French property suggests a massive market for second homes in such a popular destination. With Eurostar making transport between home and France incredibly simple, the country is the ideal home away from home and a great cultural centre to boot.
Whilst the small number of homes in the centre of urban france will mean a sunny future for the French economy, the consumer who has to foot the bill will only have to shell out more as time passes. Therefore, it’s worth considering making that dream purchase sooner rather than later. To sweeten the deal, France is also on its feet in another sector: money lending.. Mortgages are easily available and with generous borrowing rates and 100 per cent loan-to-value. Auxiliary markets providing such services as Holiday cottage insurance also remain strong.
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