Why now is a good time to purchase in France
Even though everybody agrees that properties are generally not overpriced in most parts of France compared to the UK (where prices are expected to fall up to a further 30% by next year according to some analysts), we have noticed some price reductions in parts of France meaning that prices remain attractive even with the rather bad currency exchange rate that we can witness at the moment. Some of the reductions on properties in France are even taking prices below what they would be even if the exchange rate was still 1.45 Euros to the £1. For example, we have a large stone property in the Limousin (ref 12454) which has just been reduced from 145,800 Euros to 103,550 Euros which is almost 30% down on the price – which makes the property cheaper than it would have been a year ago! Sure, not all sellers would be ready to slash their price this far but we have spotted some really good bargains recently, and with less buyers on the market, room for negociation has never been this good. And that’s why, before prices start to go up again (and they will), now is the right time to purchase a property in France!