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South France has always been the more popular part of France for house hunters, with Provence-Alpes-Côte d'Azur leading the way. But away from the beach houses and luxury villas along the Riviera coast, there are many other reasons why south France’s property market is so attractive to overseas investors.
Investment in European real estate soared by 28 per cent in the first quarter of 2013, according to Jones Lang LaSalle.
Demand for French real estate is being boosted by the “lowest mortgage rates for 65 years”, according to Leggett Immobilier.
The first ever real estate advisory serviced has been launched for vineyard investors. The service, announced this week by Christie’s International Real Estate, brings together the agents’ fine wine experts and luxury property specialists to offer a “discrete consultative service” for clients looking to acquire vineyards in sought-after wine regions.
The French Riviera is the place everyone talks about when it comes to buying French property, but while the tourist and investment hotspot is undoubtedly beautiful, there are other, equally lovely hotspots dotted around the country.
Aged over 65? Renting out a home to boost your retirement income? Then you are officially a “grandlord”. But you are not alone, according to new a report from Saga: the number of grandlords is on the up in the UK, with 11 per cent more pensioners becoming landlords in 2012 compared to 2009.
“Now is the best time to buy French property”, experts have declared as low prices and mortgage rates fill the market with “extremely good deals”. Sluggish transactions and economic concerns have seen lenders cut rates significantly at the start of 2013, helping mortgage rates to fall to historic lows last seen at the end of the Second World War.
TheMoveChannel.com continues to profile the property hotspots in France which received the highest number of enquiries in 2012.
Ski property has had a “record season” this year, according to Athena Advisors, with good snow conditions and fast sales boosting investment.
French property prices are predicted to fall in the face of Francois Hollande’s austerity measures. Prices of French real estate are expected to drop 2 per cent this year, according to the national federation for estate agents (FNAIM).
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