November 8, 2007
Do French regions matter? Money Talk
Whether you’re thinking of retiring, emigrating, investing or buying a holiday home in France, there are several things you should consider. The region you pick can also make a difference. Bear in mind that the regions in France are considerably bigger than in the British countries. Also, the cost, landscape, community and climate can vary across the country. Never assume that once you’ve seen one region, you’ve seen it all. Jo-ann Hodgson of World of Property advises not to be fixated with one region and overlook another prospect that may offer similar variables, cost and conveniences. There’s always the chance of coming across the exact opposite of what you have in mind right next door to your perfect French haven. However, whatever it is you are looking for, you will surely find it in one of France’s 26 diverse regions.
Cost will always be a big consideration when you’re thinking of investing on a property in France. Property prices vary greatly between and within the regions. “The most expensive areas are the city centres such as Paris in Ille de France and Bordeaux in Aquitaine and also famous tourist spots such as the Côte D’Azur and Biarritz, also in Aquitaine,” reveals Niclas Dowlatshahi, managing director of Leapfrog Properties Europe.
Historically popular with tourists from the UK, Brittany and Normandy also have strong property markets in which prices are not expected to go down anytime soon, as do Burgundy and the Dordogne department. “The cheapest regions are the Limousin and Auvergne regions, closely followed by the southern Centre region,” claims Dowlatshahi.
In some areas, property prices are stabilizing. In previously high-priced areas like tha Aude in the Languedoc, Lot, Quercy and Tarn in the Midi-Pyrénées and Indre in the Centre, prices are going down. “I predict the Auvergne to be the next area popular with the Brits as it is still the cheapest region in France and offers a wide range of outdoor activities. When eventually an international airport is built here I think we will see prices soar.”
Posted on: France
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