Prop­erty and cur­rency news

The lat­est from the French prop­erty mar­ket, in­clud­ing buy­ing trends

Living France - - Contents - knight­frank.co.uk no­taires.fr

The French prop­erty mar­ket is ex­pe­ri­enc­ing a re­newed sense of op­ti­mism, thanks to Macron’s vic­tory, cur­rency shifts and tax breaks, ac­cord­ing to Knight Frank’s In­side View France 2017 re­port. Many buy­ers who have been wait­ing to see what hap­pens now feel suf­fi­ciently con­fi­dent to move for­ward with their plans to buy a home in France. The re­port re­vealed that Paris is lead­ing the way so far in 2017, in terms of ac­tiv­ity and per­for­mance. Ac­cord­ing to fig­ures from No­taires de France, 10,380 prop­er­ties in the French cap­i­tal were sold in the first quar­ter of 2017, up 66% com­pared with the same pe­riod in 2016.

The In­side View re­port con­firmed that the up­beat mo­men­tum in Paris has fil­tered down into the prop­erty mar­ket in other ar­eas of France. Knight Frank said the num­ber of pur­chase in­quiries they re­ceived in the first half of 2017 had in­creased by 48% com­pared with the same pe­riod last year. Low in­ter­est rates and at­trac­tive mort­gage deals are thought to be the most in­flu­en­tial fac­tors for the in­creased level of in­ter­est.

Ar­eas that are do­ing par­tic­u­larly well in­clude Gas­cony, where in­quiries were up by 55%, and the Côte d’Azur, par­tic­u­larly in­land, where vil­lages such as Grasse, Val­bonne and Mou­g­ins are at­tract­ing a steady stream of Euro­pean buy­ers. In the Alps, sales fig­ures in Cha­monix are notably high, with prices ris­ing in a way “that has not been seen in France for some years”.

When it comes to search cri­te­ria, most buy­ers share sim­i­lar wish lists in terms of what they are look­ing for in a French prop­erty. Close prox­im­ity to an air­port, good fa­cil­i­ties such as restau­rants and bars, and a prop­erty that is easy to man­age were the most popular re­quire­ments.

While the re­port ac­knowl­edged that there was some hes­i­tancy from UK buy­ers who had con­cerns about Brexit, it also found that con­fi­dence in the €2m-plus mar­ket is re­turn­ing and bud­gets are in­creas­ing.

Of­fer­ing good value for money, prop­erty in Gas­cony is prov­ing par­tic­u­larly popular

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