August 11, 2007
Report shows the south of France is tops
The real estate market in France is looking good. In the South in particular, Britons are being drawn to the area to invest on properties. According to the Sunday Times, the popularity of France’s property market is due to solid price inflation and the diversity of the landscape.
For the past few years, overseas real estate investment has made some noise in Europe and has become popular with investors, businessmen, speculators and families alike. Investors sought out places in Bulgaria and Croatia to purchase land and houses. But France is taking the lead in terms of popularity. France owes its popularity largely to its close proximity to the UK. France is also looking more favorable with the variety of property and lifestyle choices that the country offers. Ski properties remain hugely well-liked but investors are also looking at areas that remain popular with tourists no matter what the season is.
France’s Mediterranean coast is tops for Brits. “Whilst the world famous locations of Cannes, Nice and St Tropez are terribly expensive, foreign buyers should remember the cheaper alternative of the Languedoc-Roussillon,” reveals Frances McKay from property agents Francophiles “With a similar climate, and excellent motorway, air and rail access, the region offers much lower property prices.”
The reports say that buyers invest on the south because its record speaks for itself. The National Federation of Estate Agents reveals that in the past decade, prices in the South have increased an average of 54 per cent throughout the region. “Modern villas are more expensive but are still relatively affordable in comparison to the Côte d’Azur and a character family house in a typical village with amenities and within striking distance of the sandy beaches near Béziers can still be purchased for under 250,000 euros”, McKay continues.
In spite of rumors of instability in the French market, experts still maintain that the growth in the southern parts is set to continue. The rise of house prices in the area are mainly due to its accessibility with several flights to the area. France is also accessible by train. iDTGV train tickets are easily booked on the newly launched English language site. Passengers may book seats up to four months in advance for as low as 19 euros for a one way ticket.
Posted on: France
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