NEWS IN BRIEF
The village of Rocheforten-Terre in Morbihan, Brittany has been voted France’s favourite village for 2016 by viewers of the television programme Le Village Préféré des Français. The Breton village faced competition from 12 other villages in the contest, which saw 175,000 people vote online. The win is another boost for Brittany, as the region’s Ploumanac‘h took the title last year. The victory is expected to benefit the town economically as previous winners have seen visitor numbers increase by 40% while also bringing it to the attention of prospective buyers. The average resale price of a house in Morbihan is €171,800.
The foundation representing the estate of the Francophile chef, Julia Child, has revealed it has sued Airbnb after the rental company used Child’s name for commercial purposes, without obtaining the foundation’s permission. The case refers to an Airbnb promotion, offering a free night for two of their members at Child’s former home in Provence that can be rented by Airbnb followers through the company site.
The foundation are attempting to uphold Child’s policy of refusing to market products or let others use her name for advertising. The foundation is asking for damages, plus profits made from the promotion.
of business, with transactions up by 18% and 27% respectively. These are among the most expensive regions of France in which to buy a property. The average price per square metre in the French capital increased by 1.2% year on year to reach €8,000m2 , while the average resale price of property in Alpes-Maritimes reached €420,000 according to Notaires de France.
Overall, the survey highlighted an average increase of 29% in transactions, suggesting buyers are now returning in force to the French market after several years of weakness.
Lending rates are still at historic lows – long-term euro mortgage loans with a 10-year fixed rate are available from 1.70% while other mortgages, including capped rates, are available from 2.6% or lower.
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