There is something about a typically ancient and pretty French village that really appeals to British people buying in France – and other would be expats. It is easy to conjure up a picture in one’s mind of cobbled streets, pretty half-timbered buildings, pavement cafes, hanging baskets, quirky shops and people generally relaxing in the sunshine. This picture represents many villages in France and so many of us yearn to be a part of this. We moved to a small village in the south of France almost seven years ago now – and have never looked back. We are part of the community and find that everyo
It is fair to say that many British people dream about owning an old French farmhouse brimming with character and original features, preferably with at least some outside space and probably set in a pretty village. Certainly these properties are reasonably easy to find, and there are still some excellent bargains across the country. However, many such properties have been neglected, and may need a complete overhaul – or at best a serious amount of decorating.
With a reputed one million Chinese millionaires looking for somewhere to spend their cash, it’s no wonder that the most desirable properties in the world are finding new Chinese owners. And where does your average Ultra High Net Worth Individual (UHNWI) want to be? Paris and the South of France of course – much like the rest of us.
Easter has always been the traditional time for property hunters to begin their property search and this is no less true of the foreign property market. France’s property market in recent years has been completely different from that in the UK; prices have not risen very much if at all and indeed in some areas have fallen, forcing sellers to become more realistic about their property’s worth.
There is no doubt that the property market in France remains fairly stable with prices having stayed the same or even decreasing in some regions over the past year or so. Financing your French property purchase deserves careful planning and in many instances it is well worth considering applying for a French mortgage.
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