ASK THE AGENT
No one knows the area like a local estate agent. We asked Allan Bright, of Limousin Property Agents, for the inside track on Haute-Vienne
A property agent covering Haute-Vienne gives his insider knowledge
How much is the cheapest and most expensive property?
We currently have a charming stone farmhouse with an attached barn to renovate, situated in a small rural hamlet with around 3,000m2 of land priced at €22,000. At the other end of the scale we have a 10-hectare country estate including a beautiful 21-room château, nine gîtes, 45 horse boxes, indoor manège, three outdoor sand schools and multiple outbuildings; all this for €1,378,000.
What sort of budget does your typical British buyer have?
We see all sorts of budgets – from clients looking for a small renovation project at €30,000 or €40,000, through to those with maybe €250,000 or €300,000 to spend, who are looking for something a little more special.
What sort of property do they tend to want to buy?
It’s difficult to generalise as everyone has a slightly different dream or idea. There is still an abundance of cheap renovation properties available in Haute-Vienne; something to fix up and use as a holiday home. One of the perennial favourites would be the character stone house with a gîte, swimming pool and a nice piece of land which would be on the market for upwards of €250,000.
What is the property market currently like in Haute-Vienne?
In the first half of the year the market was quite buoyant – houses were selling quite quickly and there was lots of confidence in the market. Then the shock result of the UK referendum sent the value of sterling tumbling and raised lots of questions in the minds of British buyers. This has led to a bit of a slowdown in the market over the summer months, but the Brits are now coming back into the market.
What are your predictions for the property market in the coming months?
Prices are at their most attractive for 10 years and for anyone thinking of buying in Limousin, this really is the time to buy. Against this there is still the uncertainty of how Brexit will affect us in the longer term and this will remain a factor in the short term. At the time of writing it remains unclear what the outcome of Brexit negotiations will be, but the one thing that has not and will not change is France itself and the reasons why we choose to buy property here. With this in mind, I expect the volume of British buyers to continue to rise throughout 2017 and beyond.