Photo by jbgeronimi At the beginning of a New Year, it is common to re-assess your life-style, and look for new opportunities. 1st for French Property tell us that the number of enquiries for Gites or properties that can be converted to Gites increases during the months of January, February and March. What is the attraction? Income with the many benefits of living in France BUT (and this can be a big BUT) it can be difficult to make a living in a competitive market! The Daily Telegraph today considers Gites in France - here is an extract: Top 10 tips for entering the market- Do your research thoroughly and choose the area carefully before even thinking about buying a property (Look for where there isn’t too much competition, and make sure there’s an international airport and/or a main railway station nearby.)
- Ascertain the letting potential in the area you’ve chosen by talking to agents and local people, and searching internet holiday sites.
- By the same token, get an good idea of the rental you can charge and the length of the letting season.
- Don’t buy a property that’s unsuitable for gîtes and B&Bs, however attractive it might appear.
- Do your sums carefully, then reduce your expected income and increase your anticipated costs by 25 per cent.
- Ensure that you have enough information to make a dispassionate decision.
- Make sure that you are aware of any risks involved and that you are comfortable taking those risks.
- Ensure that you have sufficient capital/income to live on until your property shows a profit.
- Research your market and give yourself the best possible chance of attracting clients, but don’t overestimate the occupancy levels, particularly in the first few years.
- Be prepared to work hard, especially on marketing.
To Read the Complete Article: Expat guide to running gîtes and B&Bs in France
More References:
Gites de France
Gites in France
Gites for Sale
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