September 19, 2006
France: Country Guide (for property buyers)
With its wealth of history and culture, France has always appealed to the Brits as a place to purchase properties for rental income or as a second home. It offers a vast array of choices available in different price ranges from hidden away country cottages to luxury apartments on the coast and chalets on ski resorts. These places are easy to access with several budget airlines. These reasons and more make France a serious option for property investors.
France’s temperate climate is one of the factors that make it appealing to property seekers. Except in the mountain areas and the far north east of the country, the winters are quite mild in France.
One of the largest countries in Europe, France is also a popular destination because of its richness in culture and wealth of history, heritage and architecture. With a coastline on the Mediterranean Sea, the Bay of Biscay and the English Channel, France has several resorts in Biarritz, and those on the The Cote D’Azur such as Monte Carlo, Cannes and Nice. For winter holidays, France has over 8,000km of slopes and is known as the largest ski area in the world. With all the countryside attractions, Paris still remains to be one of the most visited cities in Europe with the Eiffel Tower, The Louvre and Notre Dame.
All these attractions are easily accessible with the country’s excellent air transport, sea and rail links from the UK. For those who want to move in permanently, there are no restrictions on living and working in France. EU Nationals however must obtain a residence permit if they intend to reside in France for more than 90 consecutive days.
Because France’s popularity in the property market has increased, the real estate ownership prices have also increased particularly in the coastal areas and the ski regions of the Rhone-Alps and Midi Pyrenees.
Although Paris still remains to be one of the most expensive cities in Europe to buy real estate, there are bargains to be found in generally lesser known areas where facilities and access may not be that easy or available. The least expensive real estates are those that require modernization and renovation.
Posted on: France
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