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"New areas of France" attract foreign buyers

Friday, April 13, 2012

"New areas of France" are starting to attract foreign buyer as people avoid hotspots to find cheaper prices.

"Provence has become a cliché," advertising executive Doug Hart told The Telegraph this week after purchasing a home in the overlooked region of Lot-et-Garonne. "Here there's good wine, good food and getting about is a joy."

Hart bought a home in the village of Monflanquin, approximately 100 miles from the more familiar Dordogne region, which came complete with a vineyard and a helipad. Real estate in the area is significantly cheaper than the well-known tourist hotspots, where British expats tend to settle down. And an increasing number of buyers are starting to consider it as an alternative place to invest.

"We knew we wanted a place with a view, on the edge of a village and not more than a 90-minute drive from an airport," another buyer from the UK told the paper. "Lot-et-Garonne was where all those things came together."

The Telegraph adds that UK interest in French property is still going strong, increasing by 4.3 per cent last year, suggesting that houses in France still have a certain je ne sais quoi, no matter where buyers look.

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