Surge in the popularity of French property

Property Abroad says "Experts are predicting a massive surge in the popularity of French property as the pound strengthens against the Euro, and France stands supreme outside the European Union debt debacle."

Here are some more extracts from their article ....Despite agents and developers putting a brave face on it, demand for Greek property has fallen away because of uncertainty over the country's economic standing. This puts countries like Italy, Portugal and Ireland in a difficult position, when it emerged that their deficits were not much lower than that of Greece.

This is likely to put countries like France, with much better fiscal statistics in a commanding position, of course more so France because of its proximity to the UK and its tourism industry.

The biggest helper for Eurozone property markets when it comes to British buyers is the fact that the pound is finally gaining some real ground against the Euro. In the last few months this has started to come back down, with the ceiling coming up from 1.00GBP/1.05EUR, first to 1.10EUR, and more recently to 1.15EUR. This makes Eurozone property 10% cheaper than it was in the last quarter of last year. Combine that with the price drops and people are getting some good deals.

Here is a good example of a property with 2.5 hectares of land at less than 100,000 euros ...

This detached house is situated in a peaceful hamlet close to the lively little town of Chaillac where there are a selection of small shops and services as well as a lovely swimming and fishing lake.

The property needs renovating in some places and updating in others and a new fosse septique will almost certainly have to be installed, however it has bags of potential and 2.5 hectares of land!

More photos and details >> Chaillac Property

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Where to Live in France? French Property Market Trends for 2010

An Expatica poll reveals that when looking for expat accommodation, most people consider the neighbourhood (54 percent) and then price (24 percent).

We asked 1st for French Property where clients were looking in France for a property in 2010.

A survey of over 72,000 visitors to the site since January 1st 2010 reveals the following Top 10 region results:

1. Brittany Property
2. Languedoc-Roussillon Property
3. Provence (PACA) Property
4. Aquitaine Property
5. Limousin Property
6. Midi-Pyrenees Property
7. Lower (Basse) Normandy Property
8. Poitou-Charentes Property
9. Western Loire (Pays de la Loire) Property
10. Nord Pas-de-Calais Property

Sun rising over Brittany?

Photo by law_keven

Is Brittany your favourite region? Please add your comments below ...

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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

Photo by quinet

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French Property Outlook 2010

Our currency partners at HiFX have issued this report for 2010....

Britons looking to transfer their money abroad have been warned not to expect a quick recovery in the French property market.

Recent research from French estate agent association FNAIM has shown that despite a 5 per cent fall in 2009 prices when compared to 2008, most people do not think that now is a good time to buy or sell property.

The fall in values varies by department and has seen the Alps particularly badly hit.

However, other departments such as Aquitaine and Languedoc Roussillon saw a negligible decrease across the year.

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