September Set To Boost French Property Sales

  • 14 years ago
  • Uncategorized
Property in France has always been of interest to overseas buyers from the UK and it seems that September looks set to be the busiest for years for the French property market as British investors make the most of attractive house prices and good mortgage deals.

Buying activity is traditionally high in early Autumn as house hunters take advantage of the weeks following the peak tourist season when the weather is still mild but the roads are quieter and hotel prices cheaper.

But this year investors can expect to find a greater range of properties than in recent years and good value for money.

French property expert Patrick Joseph of said improvements in the exchange rate and good mortgage availability has made September 2010 a prime time for buyers.

“There are some fantastic properties around, particularly in the Loire Valley, the Dordogne and Brittany where there is a good supply of homes that are reasonably priced.
Property prices are low in France right now but they are starting to rise so anyone looking this Autumn should act quickly to take advantage of the investment opportunity.” he said.

Meanwhile interest in the French government sell off French real estate including mansions, castles and even barracks does not appear to be going  well. The government’s goal is to complete the property selloff by 2013 and raise nearly 1 billion euros ($1.27 billion). Jan Andrykowsky, who handles international investors at real estate services company DTZ Holdings (DTZ.L) in Paris, said that while he was aware of some interest, relatively few of the properties were in prime locations.

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