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Wednesday, November 21, 2007

Property market update

As is normal practice for an English estate agency based in the South of France, we do our research.

Whilst looking through various pieces of information on how the current 'Credit Crunch' might be affecting my beloved Languedoc, I came across a wonderful piece that I thought would be good to share with everyone out there interested in France.

It is claimed that house prices in France are on the up with UK property buyers currently in a position to take advantage of investment opportunities.

According to Rightmove Overseas, they have received 251,824 French property searches in one month alone with the most popular provinces including Brittany, Normandy and Languedoc-Roussillon.

In addition, they say that the south of France is emerging as the most popular region with investors and holidaymakers seeking a traditionally French way of life and hot temperatures. And here's the best bit for all of you who have already purchased here in France:
Rightmove Overseas head Justin Figgins said, "Sarkozy's plans will not take effect until later in 2008, giving investors time to purchase French properties before the boom and watch the price of their properties quickly appreciate."

Many British residents are choosing to spend their retirement in the French Riviera. While the Spanish Costas have been the destination choice for many retirees, the French Riviera has a certain prestige.

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