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Property in France
remains extremely affordable. This alone
makes investing across the Channel very appealing. However when you add in
breathtaking scenery, wonderful architecture, rich history and a fascinating
culture, it is easy to see why so many are enthralled with the country. France is the world’s
biggest tourist destination with in excess of 76 million foreigners visiting
annually and, for some, a fortnight in a gite or a resort is not enough . They
become determined to enter the world of real estate in France and
purchase their own French properties.
Buyers, especially pure
investors, are desperate to hear the latest French property news to see how
their French investment property is performing. Even if you did not enter the
market with buying investment property in France in mind that is what you
have done. Buying property is the biggest investment most people make so it is
vital to do your homework before committing to an expensive French investment
property.
The market for French investment property is always changing. Prices
continue to rise across the country but growth is stronger in some areas known
as hotspots
than others, with some types of property outperforming others. You should
endeavour to find out about regional price variations when looking at
investment property in France.
The above is true whether you are a serious and experienced investor or
whether you hope to make some extra income buy turning your holiday home into a
French investment property by leasing it out.
Buying off plan property, means committing to purchase a
new-build home before it is completed. The leaseback scheme means buying in
this way offers access to some fantastic investment property in France. Buying
in this way is increasingly popular with overseas investors concerned with the
capital growth and rental income generated by their French investment property.
Contrary to some dire
predictions the French property market remains in good shape according to
FNAIM, the French estate agents association. Their latest report acknowledges
some slowing in the market but also predicts investment property in France to
remain a worthwhile purchase. This information is relevant to buyers of holiday
properties as well as French investment property.
Letting your French property when you are not staying there
generates income as well as equity. The leaseback scheme offers more
opportunities to benefit from the rental market. Long-term tenancies are
increasingly becoming a way of making the most of your investment property in France.
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