France’s prime residential market is benefiting from the performance of Paris, with prices in the capital up 12% last year. According to analysis by international real estate firm Knight Frank, the “Macron effect” has been a major factor in this resurgence in recent months. With historic low interest rates, rising house price inflation and growing political and economic stability attracting global wealth.
A proposed direct train route between London and Bordeaux will reduce the journey time to less than five hours. According to HS1, which operates the UK’s high-speed rail route that carries the Eurostar, the new service is in advanced planning stages.
New figures just released by the Office of National Statistics reveal that France is in fact the top country for British people relocating with children. There are 20,000 British children in France, compared to 16,000 in Spain.
Family allowance Family allowance for families with two children or more will rise by 1%. The increase in the means-tested allowance will be in line with inflation for 2017. The same will apply to other benefits like early childcare assistance (PAJE) and the back-to-school allowance. The minimum pension will also rise to €833 per month.
More properties are being bought and sold in France than ever before. House prices are creeping towards their 2011 peak and cheap mortgages are attracting both French and foreign buyers. We could be entering a new French property boom, suggests data from one of France’s most respected property reports.