2018 - BEST YEAR FOR SALES OF PROPERTIES IN FRANCE
28th February 2019
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Update on the French property market
According to INSEE, the French statistics office 2018 was a record with 970000 property sales excluding sales of new homes. The main reason is still the very low interest rates for house loans.
According to INSEE, the French statistics office 2018 was a record with 970000 property sales excluding sales of new homes. The main reason is still the very low interest rates for house loans.
How is this affecting house prices in France
The impact on prices varies significantly by region. The highest increase in house prices (5-10%) were in cities like Paris, Lyons and Bordeaux. In the most provinces including the South of France, there has been an overall 3% increase in house prices over the last 2 years.
What does the future hold for the property market in the South of France?
The demographic fundamentals look excellent, as the next generation of potential home buyers from the North of France qnd Europe get close to realizing their dream of moving to south to the sun when getting close to retirement or if they have the means to buy a second home.
France has regained the No 1 spot for foreign tourists in the world with over 80 million visitors per year, a in Provence and the French Riviera, there over +10 million holidaymakers who visit the region and enjoy French southern lifestyle.
With Macron's removal of the one of the property taxes (taxe d'habiotation), this should the property market even more attractive.
So we advise buyers not to delay and miss out on the exceptionally low interest rates plus great timing of being at the start of the recovery of the property market in the South of France!
The impact on prices varies significantly by region. The highest increase in house prices (5-10%) were in cities like Paris, Lyons and Bordeaux. In the most provinces including the South of France, there has been an overall 3% increase in house prices over the last 2 years.
What does the future hold for the property market in the South of France?
The demographic fundamentals look excellent, as the next generation of potential home buyers from the North of France qnd Europe get close to realizing their dream of moving to south to the sun when getting close to retirement or if they have the means to buy a second home.
France has regained the No 1 spot for foreign tourists in the world with over 80 million visitors per year, a in Provence and the French Riviera, there over +10 million holidaymakers who visit the region and enjoy French southern lifestyle.
With Macron's removal of the one of the property taxes (taxe d'habiotation), this should the property market even more attractive.
So we advise buyers not to delay and miss out on the exceptionally low interest rates plus great timing of being at the start of the recovery of the property market in the South of France!
