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News Posted On: 22/04/2009
It has been revealed that the overseas property hotspots in Southern France are seeing demand from overseas property buyers continue to outstrip supply. The French National Estate Agents Federation (FNEAF) reports that French property prices overall rose by 7.1% in 2006, 3.8% in 2007 and 1.7% in the 12 months up to July 2008 – making it one of the few places in the world that has seen continual price rises throughout the credit-crunch.
Liam Bailey, chief market analyst for upcoming property portal Property Abroad had this to say of the revelation:
“ France has seen such continued – if steady – increases in property values, mainly because it never really became swept up in the overseas investment boom. In the last 2-3 years thousands of savvy people with a pound to spare decided to put their money into overseas property, but did so, mainly in off-plan properties in emerging markets where prices were incredibly low, and the opportunity presented itself for immediate high-level gains and incredible rental yields.
France never exactly offered an abundance of these properties, and so has and will remain to be one of the favorite places for people [especially Brits] buying a resale property as a holiday home.”
The locations noted as being continually successful in terms of overseas purchasers by the FNEAF were, particularly Cannes joined by its Southern France neighbors: Cap Ferrat, Mougins and St Tropez.
Property Abroad have some excellent properties in Southern France, including fantastic one and two bedroom apartments in central Cannes, just a short walk from the areas best known Palm Beach. The apartments, over five floors start at just €282,000 and have terraces overlooking the beach.
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Brits buying property in France advised to learn the language 29/06/2009 Brits considering buying property in France with the intention of living there have been advised to .....
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