in France - French property for sale
Property in France
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.
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).
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.
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.
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.