2010 set to be a very good year for french property
News Posted On: 05 March 2010
France is set to be one of the top property markets in 2010 in terms of popularity with foreign buyers according to several reports.
According to the recent survey from HomeAway.co.uk and Savills foreign buyers in 2010 will predominantly be wealthy lifestyle buyers, buying in cash. These will be looking only at the established markets, with France property being among the favourites.
These buyers will be going for ultimate luxury and exclusivity at a bargain price. The chateaus in France's premier region on the French Riviera fit this bill perfectly:
They are super-prime properties, homes of the rich and famous, but currently they are selling for 40% or even 60% less than they would have been in 2007. Add to that the fact that these prices are not expected to stay around for much longer and it points to a huge surge in demand on the Riviera.
The pound is also expected to strengthen against the euro as this year progresses, which will boost the popularity of Eurozone property, which of course includes France.
France will also be a favourite say the experts because it is one of the few Eurozone countries that is not making the news because of its budget deficit, and is making the news because property prices have not fallen by anywhere near as much as they have in most countries -- inside the Eurozone and out. All in all 2010 is going to be a good year for French wine, oh no, sorry, I mean property.
View France property for sale
Back to news articles for this country
Latest Related News Articles in France
French Developers Expect to Benefit from UK Retirees
2012-01-11
The number of people reaching retirement age in the UK is due to increase by 22% this year compared .....
Alpine Property Sales Up as Resorts Increase Year Round Appeal
2011-11-04
Alpine property is increasingly being seen as a good investment opportunity with solid year round re.....
French Property Still Most Popular With Brits Says Conti
2011-09-22
According to Conti, the overseas mortgage specialist, France is still the most popular country as fa.....
France still No1 for Brits buying abroad
2011-09-19
Contin Financial reveals its overseas hotspots for mortgage enquiries over the past year......
French Tax Reforms Boost the Property Market
2011-09-15
According to new data French property prices grew 3.3% quarter on quarter in Q2. The rise is being p.....
Continued Stability Increasing Popularity of French Property
2011-09-09
The French National Association of Immobiliers -- the French estate agent trade body -- have forecas.....
French Developer Announces Strong Half Yearly Results
2011-08-02
The French developer and house builder, Nexity, has just announced its half yearly results which sho.....
French Resort Meribel Attracts the Summer Crowd
2011-07-18
If you mention the French resort of Meribel to anyone it's likely they will think of skiing, as it i.....
French Government Drops Plans for Second Home Tax
2011-06-21
The French government has dropped plans to impose a new tax on second home owners, even though they .....
French Property Tax May not be So Bad
2011-06-07
It’s now thought that the French property tax on second homeowners may not be as bad as previously f.....