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The village of Courbefy caused a stir recently when it was put up for sale. All of it. For £275,000. But it's not just in France that you can buy a whole hamlet: villages in need of an owner are popping up all over the globe. If purchasing a house is simply not enough, here are five villages currently for sale, from abandoned resorts in France to ancient stone farms in Croatia.
Over the last twenty years, the geography of luxury property has changed. A handful of cities across the world have emerged as global capitals, attracting a large slice of high value, international business—and high net worth and ultra high net worth investors who began collecting prime residential properties.
Ask any French agent and they could find you a home for £275,000. But in Courbefy, located within the Limousin region, that figure can get you a lot more than one house: you can buy the whole village. It may not be a bad move, judging by reports from the national statistics office, which suggest that France's economy remains a safe haven for Eurozone investors.
An increase in the number of Brits purchasing property in France has been noted by one real estate expert in the nation.
While investor appetite rose dramatically towards the end of 2011, the level of distressed properties* coming to the market is set to keep on rising globally, according to RICS.
The birthplace of Mormon prophet Gordon B. Hinckley is being sold in Salt Lake City. The home of the former leader of The Church of Jesus Christ of Latter-day Saints has been listed for $369,900 by a gay couple, a move that may surprise some followers of the religion. But it's not the only Mormon real estate transaction currently attracting attention...
An improvement in the exchange rate between the UK and the Euro is encouraging buyers in France who are snapping up ski properties, it is claimed.
International property investors are increasingly targeting up-and-coming districts in Paris in order to find the best opportunities.
During the final three months of 2011, France recorded its highest commercial property transaction volume since the third quarter of 2007.
British buyers in France still lag behind expat French property investors in absolute numbers, according to a report produced by Credit Foncier.
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