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France: the Property Perrenial
July 29, 2008 by Fractional Property Ownership, Timeshare & Luxury Travel Magazine · 1 Comment
France remains one of the most popular countries of choice for people buying abroad. From a lifestyle choice to a canny investment, the various regions of France have a wealth of different types of property to choose from, and a wealth of reasons to purchase there. A buying guide from the Overseas Guides Company will outline not just the different property types but the common mistakes when buying properties in France and how to avoid them.
Even the most optimistic real estate investor would agree that it’s a tough market right now. With the weakened pound real estate agents are finding it more difficult to sell properties, resulting in a buyer’s market. Whether you’re interested in investing in overseas property, want a property abroad for a holiday home or are looking for one as a primary residence once you emigrate, France is proving to be a property perrenial.
In part this is due to the fact that properties in France tend to cost much less than their equivalent in Great Britain, and this is still largely the case even in this difficult market. However there is also an important lifestyle element as the British have had a love-affair with all things French for some time now. In fact so many Brits have emigrated to France that some areas have almost as many British residents as they do French and the Dordogne is now known as Dordogneshire! The combination of clement weather, great scenery, low cost of living, picture-perfect properties and some of the best cuisine in the world has ensured that France remains a popular choice for overseas property purchases no matter what.
Just like investing in overseas property anywhere (whether you’re doing so purely for profit or to use as a home), care should be taken not to make common mistakes when going through the process. While buying French property is a sound financial move in most cases, it still pays to carry out thorough research when purchasing, to use a trusted lawyer and to carry out sufficient checks into the property, in order to ensure your purchase is as straightforward as possible.
Out of the many potential minefields, not carrying out proper research at the outset is perhaps the most common, and damaging. Too often, purchasers lose sight of the seriousness of the exercise and get a little carried away with the dream. It is surprising how many overseas buyers carry out less checks on a French property than they would on a British one, for instance.
The Overseas Guides Company can help with this all-important research with their indispensable ‘how-to’ and ‘what to avoid’ buying guides. One of their most popular guides is their France Buying Guide, but their range extends to guides on buying property in Cyprus and how to purchase houses in Italy, Greece, Bulgaria, Morocco and even the Baltics.
From top tips and essential advice to checklists and facts and figures, the buying guides from the Overseas Guides Company can help guide you through your overseas property purchase. Find out more at www.overseasguidescompany.com.
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