Why now really is the right time to buy your French Home?
Do you have the dream to buy a stone house in the French countryside or a modern villa on the French Riviera? This is the right time to buy in French property: prices having fallen everywhere in France.
We have updated our property price guides on Sextant’s website using the latest data from the French notaire database (equivalent to the Land registry in the UK).
Overall prices of resale houses have slightly decreased over the past 3 years (there was a peak in 2008 and 2011). At the moment prices are still 10% below the previous peak. By comparison to the UK where prices are already above 2008 peaks, i.e. 6.71% in Wales, 3.58% in Scotland and last but not least +32.44% in Greater London (according to Zoopla data). If you own a house in London you are most likely to be a millionaire so why not scale down in the UK and buy a buy a good value property in France? Click here to see the prices trends by region
Old properties prices drop during the last quarter of 2013 and remain stable during the first quarter of 2014. Prices vary hugely within France. Generally speaking, the further inland you go, the more prices drop – the price of old properties in Paris, French Riviera and French Alps remain high despite the drop. In average, the prices dropped by 2.2% in each region.
Region Trade of old properties prices from 2013 to 2014 (%)
Aquitaine: -1.9%
Limousin: -2.7%
Brittany: -2.2%
Nord Pas de Calais: -1.1%
Midi-Pyrénées: +0.4%
Poitou-Charentes: -2.6%
Pays de la Loire: -1.5%
Normandie: -0.8%
Languedoc-Roussillon: -3.7%
Burgundy: -0.9%
Auvergne: +0.5%
Centre: -5.6%
Picardy: -4.2%
Trade of old properties prices from 2013 to 2014 (%)
Paris: -1.5%
Provence Alpes Cote d’Azur: -2.3%
French Alps: -0.7%
Source: Notaire de France et de Paris
So do not delay – buy in France today!
Investing in France has become easier with Sextant Properties. The top agency offering French properties for an international clientele is expanding fast, with many properties all over France added onto our website every day. Whether you want a pied-à-terre in Paris, a countryside retreat or a sunny seaside home, Sextant is sure to have what you’re after.