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Property in France - French property for sale

 

Property in France

Today, with an estimated half a million British owners in France, even the previously unloved parts of the country have become mainstream destinations for property hunters. Our fondness for restoring old properties, coupled with a desire for the “real” France, has taken us to the remoter recesses of the country, where you may still find a renovation project for under £30,000.

Across the country property prices are rising at different rates. Auvergne and Aquitaine all fell while prices rose in the other regions, most dramatically in Rhone-Alpes, Pays de la Loire, Limousin and Languedoc-Rousillon. Limousin and the Auvergne are still cheapest; the average sales price in the Auvergne was just €151,000 (£102,000).

At the other end of the scale, if you are in the market for a home valued at €750,000 (£535,000) or above, the latest news is that the French government is cracking down on as many as 50,000 British owners unaware that they should be paying a wealth tax: the Impot de Solidarite sur la fortune (ISF). Until recently it had not been an issue for most people, but as house values have escalated it has become valid.

And while France may have been getting a bad press recently over the riots last year and strikes earlier in 2006, you have to remember that the vast majority of France – and it’s a big country – is unaffected by the problems that beset France’s urban centres and inner cities.

For investers, it is the best of markets. If you just want a property to earn an income and you have no intention of living in it, then the unique government-backed leaseback scheme can prove very attractive. If you want a holiday home to use in the off-season and to pay for itself by renting, then think about a larger property as they rent better.



 

 
 

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Aquitaine property
Brittany property
Charente property
Corsica property
Dordogne property
French Alps property

languedoc property property

Limousin property
Loire Valley property
Provence property
Midi Pyrenees property
South of France property