The glittering Côte d'Azur, picturesque villages on vine clad hills and a sizzling nightlife scene in Paris attract hordes of international buyers in search of well-appointed French holiday homes.
If you are wondering if this is the right time to invest in this culturally rich country, whose classic cuisine, fabulous wine and resort towns make headlines across the globe, read on.
Investing in French property
A favourable economic climate created by the cost of borrowing dropping to the lowest rate in 70 years and mortgage rates at an epic low, make 2016 a great year to invest in French real estate. Added incentives include the current exchange rate (Euro is weak against the pound and US dollar) and stabilising prices across French prime property markets.
The recent rise in new developments is yet another reason to buy an elegant second home in France within the next few months. These exclusive new builds are guaranteed to push up property prices and hence all luxury real estate purchased in their vicinity are excellent long-term investments.
If owning an apartment in one of the arrondissements in Paris is something you have dreamt of, 2016 is the perfect time to convert that dream into reality since current market trends reveal that real estate in the “City of Love” shows both strong potential to increase in value and at low risk compared to other countries.
Buying a stylish French ski chalet near chic resorts like Les Menuires and Les Deux Alpes is also worth a thought as these resorts are undergoing extensive renovations designed to attract high footfall by the close of this year. You can rest assured that you will be able to recoup your investment (check out the government backed leaseback scheme).
When it comes to the glitzy French Riviera, there is no time like the present to join the A-Listers who frequent some of the hottest nightclubs along the Mediterranean coast. For a stunning oceanfront French villa try Nice. Its Old Town’s winding streets lined with galleries, shops and quaint eateries has a seductive pace and charm.
Other picture postcard locations along the Riviera include the quiet coastal town of Menton famed for its glorious year round sunshine, old-world ambience and luxury holiday homes; the medieval village of Èze with stone houses on rocky outcrops overlooking the Mediterranean and Grasse with its legendary lavender fields bordering French châteaux.
Monaco with its modern marina is a good option if you have a superyacht to berth while watching the Grand Prix or rolling the dice in the casino. A range of belle epoque residences are ideal second homes to consider in this glamorous principality and for something contemporary, check out the French apartments offering unparalleled harbour and Formula 1 circuit views.
Types of French property
To arrange a viewing of quality French properties, contact us. We would be delighted to help you buy French real estate suited to your needs and lifestyle.