Where should you buy a bar­gain rural home in France ?

French Property News - - News -

France’s coastal re­gions have seen an in­crease in sales of rural prop­er­ties, ac­cord­ing to re­search by France’s rural land agency SAFER. It re­cently pub­lished fig­ures for the state of the mar­ket in 2017 for maisons de cam­pagnes, de­fined as part or all of an old farm­stead or a prop­erty sold with farm­ing or nat­u­ral land of at least five hectares.

Buy­ers are choos­ing a rural retreat in the coastal ar­eas of Nor­mandy, Brit­tany, Provence and Pays-basque, sug­gest­ing a re­newed in­ter­est in se­cond homes lo­cated in these de­sir­able lo­ca­tions.

Other ar­eas of in­ter­est in­clude busi­ness catch­ment ar­eas in the outer rings of Paris and Lyon but also in Brit­tany, Pays-de-la-loire and Nord-pas-de-calais, where buy­ers are pur­chas­ing rural homes closer to work op­por­tu­ni­ties.

The av­er­age sale price for a mai­son de cam­pagne in 2017 was €164,600, up from €160,400 in 2016. The re­port ex­plains that the in­crease is due to the na­tion­wide rise in prop­erty prices and at­trac­tively low in­ter­est rates that have im­pacted on the rural prop­erty mar­ket. How­ever, prices vary con­sid­er­ably across the re­gions and prox­im­ity to a big city has sig­nif­i­cant in­flu­ence on prices.

For in­stance, rural homes in the sub­urbs of Paris, Lyon, Bordeaux, Toulouse and Lyon sell for €214,600 on av­er­age, whereas bar­gains un­der €100,800 can be found in Lot, north Aisne, Haute-marne, cen­tral Brit­tany, and rural ar­eas of In­dre, Cher, Nièvre, Li­mousin, Au­vergne and Ariège.

In­ter­na­tional non-res­i­dent buy­ers made up 5.1% of to­tal sales in 2017, slightly less than in 2016 (5.3%). While Bri­tons re­main the largest group of non res­i­dent in­ter­na­tional buy­ers, sales to Bri­tish buy­ers fell from 47% in 2016, to 41% in 2017, due to the Brexit ref­er­en­dum and the sub­se­quent drop in the ster­ling rate. Trends sug­gest 2018 will have the op­po­site ef­fect, how­ever. The most pop­u­lar ar­eas for in­ter­na­tional buy­ers look­ing to buy a rural home in France re­main Nou­velle-aquitaine and parts of Oc­c­i­tanie, Brit­tany, Bur­gundy, the Riviera and the Alps.

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