A good year
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