Despite a drop during the first quarter of this year, French resale property prices are holding their own – in fact they have enjoyed an increase on the year’s growth. A report out from the French Property Market indicated that house prices in France remain 3.9% higher on average when compared to prices recorded last year.
The year did not bode well with property prices having fallen by 1.1% in the first quarter. Flat re-sale prices dropped by 1.6% with house re-sale prices having dropped by 1.4%. However, over the course of the next few months, things really picked up showing that property in France offers investors a stable environment to place their hard earned cash.
Good News For Foreign French Property Investors
This is very good news for anyone who owns a property in France or who is thinking about investing in one, or indeed who is contemplating selling a property they already own. It shows a stability when the Eurozone crisis is kicking in making many people think twice on how to invest their money wisely.
France offers investors good value for money when it comes to buying a property the investment gets you a lot of bang for your buck as well as a better lifestyle and a much more attractive rate of interest on any mortgages taken out on a property. This could be a home or a rental investment which is a great option for foreigners wanting to invest in properties in France, this being a very good time to do so.
Some Regions Hold Their Re-sale Prices Better Than Others
Reports have shown that some regions of France hold re-sale prices better than others with Limoges and Amiens being two of them. However, even within one region there can be big differences in the re-sale price of some properties.
It goes without saying that certain areas, like Provence and the southern regions have the maximum amount of desirable ,sought after properties and as such it is in regions like this that property re-sale prices really do hold their own. But then so does the south west of France and other popular and trusted regions where many British people like to purchase properties either as permanent bases or as holiday homes.
Auvergne & Limousin Gaining Popularity with Foreign Investors
Two regions that are gaining popularity with foreign property investors are Limousin and Auvergne. Both these areas have enjoyed a price rise of around 14.9% over the last 12 months which show that many foreigners are getting more adventurous in choosing the regions of the country they want to invest in.
Newly built and newer properties in France hold their re-sale prices really well, but even the older houses are desirable and are showing that they retain a good re-sale value. This all adds up to giving investors more confidence about buying a property in France because in the long term people know their money is safely invested in bricks and mortar that holds value for them even in these hard economic times.