Reduced property prices, low interest rates, great mortgage deals and favourable currency conditions means that now is the perfect time to buy French property.
Throughout 2014, the FNAIM (the national association of French estate agents) reported that French property had dropped by 1.5% across the country. Even Paris, the world’s most visited city, has seen a reduction in property prices.
In the past, finding French property was challenging. If you couldn’t visit estate agencies in France, you had to hope to connect with French real estate agents based in your home country, many of which were in short supply and hard to find. Today, things have changed for the better.
Now, there are seemingly endless ways to find a home in France, which brings up another problem: which way is the best way? Sometimes too much choice is just as bad as not enough choice. From expert advice to real stories and the latest news from the property market, there’s a wealth of information out there for the taking.
Europe is the leader in the wine industry, and France is Europe’s wine frontrunner. A large variety of grapes are cultivated in France, both unusual varietals and more internationally well-known ones. Buying a French vineyard can offer both a unique lifestyle and a thriving business.
Having analysed data throughout 2014, Home Hunts has pinpointed six property hotspots in France that offer exceptional investment opportunities in coveted locations.
Back in February 2015, Home Hunts released the second edition of its property insights report, INSIDE FRANCE. Compiled as a result of data gathered throughout 2014 and 600+ monthly property enquiries, it provides buyers with information about the prime property hotspots in France: Paris, the French Riviera, Provence, Languedoc Roussillon, Aquitaine and the Alps.
To make a smart, savvy real estate investment in one of these property hotspots in France, what locations within each hotspot should take priority in your property search? Here are Home Hunts’ leading recommendations.
If you are looking to buy property in France, out of all the incredible locations and landscapes the country has to offer, where is the best place to live?
France is the world’s most visited country with 84 million visitors each year. It is also a country proven to be a safe haven for real estate investment globally, a market that thrives due to the aesthetic diversity of its locations and economic opportunities it offers.
Whether you want an Alpine getaway by a world-class ski resort; a waterfront villa with panoramic views along the coveted Côte d’Azur; a permanent family home in the countryside minutes from a thriving smart city; or a traditional stone farmhouse surrounded by vineyards and olive groves; purchasing property in France can fulfil even the most demanding of expectations.
Diverse and exotic, the culture in the south-west of France is much different from the Parisian way of life. As a part of France that was independent for centuries before being taken in by the rest of the country, that strong sense of sovereignty is still noticeable today. With an enduring regional identity, the south-west has great proximity both to the sea and the mountains, not to mention robust cuisine.
Similar to the countryside of south-west England, south-west France has the Pyrenees on the horizon, plus the ability to cross the border into Spain. Many people in the south-west feel connected to their Spanish neighbors to the south, more so than to their Parisian neighbors to the north. You may even notice that south-west residents roll their tongue when speaking French, similar to Spanish pronunciation.
Locals in the south-west enjoy everything from outdoor adventures like mountain climbing and skiing to tranquil spa villages and even historic sites like the Gallo-Roman ruins. This region has more parkland than the rest of France, including 200,000 acres in Pyrénées National Park. Every small village has a town market with fresh produce, and there’s a strong artisan influence, since craftsmen and artists moved from the colder climates up north. There are also more days of sunshine here than in the rest of Europe.
What a great year to be buying French property: interest rates are low, prices have dropped, and exchange rates are improved. At this point in time, France’s real estate couldn’t come with better value. Purchasing French property isn’t a simple process, though. Since the French market doesn’t operate in the same way as the U.S. and UK markets do, it can be especially tricky for first-time buyers, this is where a specialised property buyers agent like Home Hunts comes in.
Consider these nine tips when preparing to purchase French property.
Europe dominates the wine industry and France is at the helm. Many people dream of owning a French vineyard, but just an exclusive bunch actually make their dream come true. Imagine taking a stroll through green vines exploding with colorful grapes. Behind the vineyard, the sunset washes everything with a warm glow. You sip a glass of wine that was made from your own land.
France is a desirable country to relocate to thanks to its rich history, dynamic culture and diverse beauty. While a holiday home may be enough for some, others aren’t satisfied until they own french vineyard property. Over the last few years, there’s been exponential growth in overseas buyers looking into and purchasing vineyards.
Narrowing down your real estate search to just the prime property hotspots in France means making smarter investments. According to the French National Real Estate Federation, there was an average drop of 1.5% in property prices in 2014. Last year’s inquiries and sales saw an increase of 35% when compared to 2013. Currently, France’s buying conditions are too tempting to pass up, thanks to flexible pricing, low interest rates, and other favorable conditions. Coveted real estate in France is primarily located in the Alps, Languedoc, Paris, Provence, the Riviera, and the south west.
Floor-to-ceiling windows. Wrought-iron balconies. Gilt-framed mirrors. Five-minute walks to the museum. Unparalleled views of the river. Paris will always be a great place for real estate, thanks to the city’s immense popularity, beauty, and culture.
Whether you dream of buying property in Paris, an apartment in the center of the city or you’d prefer a home in a peaceful residential area, both urban and suburban living is possible in Paris. Singles and couples without children prefer central locations, while families often look to the outskirts in order to purchase a house.
Yes, the cost of living in Paris is high, but consider how much you get in return. You’re not just investing in a home, but also a Parisian lifestyle, complete with exciting days and nights in a sophisticated city, some of the world’s best bistros and bakeries, gorgeous scenery, access to the highest fashion, and surroundings filled with world-famous landmarks and museums. Continue reading