Monday, January 30, 2012
Its going to be a promising year for overseas buyers looking to buy in France!
We have just read a report published this month indicating that predictions from both Century 21 and FNAIM for the domestic property market in France are gloomy. Both organisations offered the results of independent research which clearly indicate that the market will experience a lull this year with the number of transactions dropping by as much as 10%.
As in most European countries there has been a tightening of lending criteria by the banks, the French Government are about to make a signicant change to capital gains taxation for French Nationals and of course, we are experiencing a very normal ‘lets wait and see’ attitude prior to a presidential election due in May.
But this is fantastic news for overseas buyers as this predicted ‘lull’ in the market means there will be more choice available and certainly more bargains to be had! Add to that what has been a much appreciated strengthening of Sterling and other non European currencies against the Euro and the well recognised benefits of living in a country with what is regarded as one of the most enviable lifestyles in Europe, it seems that there has never been a better time to buy in France.
For those in the UK of course, France is still the only European country that you can drive to ........ How accessible does that make it!
Having experienced it ourselves though the process of buying abroad can be difficult. Not only logistically in trying to find the right property and arrange effective viewings with agents whilst not living in the country but also with potential language barriers and the navigation around differences in the legality of the process. It makes sense to take advantage of the services of professional property finders, people on your side who will be where you need them to be when you need them to be there. Allies who through their local knowledge and inside information have the ability not only to negotiate the best price for you but will ‘hold your hand’ through the process and introduce you to people who will make the process far easier.
So if you have always dreamt of a holiday home in France or if you want to make a more permanent move perhaps now is the time to stop dreaming and start searching? Check out our website if you think we might be able to help! www.brittanygems.com