A good year

Living France - - LES PRATIQUES -

also started to see in­creas­ing sales at the top end of the mar­ket, above the €500,000 mark.

“I pre­dict a con­tin­u­ing im­prove­ment in sales, where prop­er­ties are cor­rectly priced, and in­creas­ing num­bers of Bri­tish buy­ers, es­pe­cially if the pound re­tains a range of 1.35-1.45 against the euro. The strength­en­ing of the middle mar­ket dur­ing 2015 should rub off and feed through to the higher end of the mar­ket, po­ten­tially pro­vid­ing a stim­u­lus to the lux­ury prop­erty mar­ket for the first time in sev­eral years.”

Prime prop­erty agency Home Hunts has cer­tainly seen an up­turn in the lux­ury prop­erty mar­ket. They re­port that 2015 was their most suc­cess­ful year since the fi­nan­cial cri­sis in 2008, as their in­ter­na­tional clients have taken ad­van­tage of the great buy­ing con­di­tions seen last year. With fall­ing prop­erty prices, low in­ter­est rates and record ex­change rates con­tin­u­ing into 2016, Home Hunts Di­rec­tor Tim Swan­nie says there has never been a more op­por­tune time to buy a French prop­erty.

“We pre­dict a strong year in 2016,” he says. “We are get­ting a huge amount of in­ter­est from UK-based clients as well as buy­ers from across main­land Europe and also from the Middle East, China, South Africa and the USA.

“The French Riviera prop­erty mar­ket has re­mained rel­a­tively buoy­ant through­out the eco­nomic cri­sis but re­ally took off in 2015 and we feel it will con­tinue in the same di­rec­tion in 2016. Other ar­eas which are prov­ing very pop­u­lar for us are Provence, Langue­docRous­sil­lon and Dor­dogne, as well as vine­yard prop­er­ties around the Bordeaux area.” allez-fran­cais.com home-hunts.com

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