| LANGUEDOC PROPERTY – CURRENT MARKET CONDITIONS | Languedoc property experienced a drop and a slow down in sales in 2008, however this corrects a previously overpriced market. It is a buyers market in Languedoc and as it is the most popular area in France for relocation and second homeowners there are many reasons why a property here could be for you.
Tourism
Languedoc is one of Frances most popular tourist destinations with people beginning to appreciate its discreet charm and sandy beaches. With 300 annual days of sunshine and five cities in the region now having low cost airlines operating to them from the UK and Ireland its easy to see why.
Commerce and Industry
A recent increase in the region’s population has boosted the local economy particularly in the construction and service industries.
Economy
The popularity of the region makes a Languedoc property a safe investment however with the weaker pound if you are looking to purchase in 2009 you should consider a Euro mortgage as it is proving to be a robust currency.
Investment
The popularity of new build has slowed a lot this year so this should maybe be avoided until it regains momentum. Areas such as the coastal plain, Pezenas and the South are still sought after and Montpeillier is providing strong yields on rental apartments.
For the astute buyer a Languedoc property continues to provide the right mix of investment potential and lifestyle choice.
Want a Property in Languedoc? Call HomeHunts Click here to view our full range properties in Languedoc Here at HomeHunts, you can find a great range of property in Languedoc. With so much choice, you are sure to find your next property here. |
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