2016 French Property Market Predictions By Tim Swannie, Director
2015 has been the best year for Home Hunts (and our clients) since the crisis began in 2008. Throughout France, property prices have slowly come down over the past few years and when you put that together with the low interest rates and the amazing exchange rates (particularly pound to Euro), we have never seen such an opportune time to buy French property. Many of our international clients have taken advantage of this situation this year.
Prices in many areas have started to stabilise which is always a good sign and we have had many cases this year where properties have had two or more offers at the same time. It is still a buyers’ market but properties are definitely selling much better than previous years. When owners are keen to sell and are willing to be realistic with their prices, a buyer is usually found quickly.
We predict a strong year in 2016, we are getting a huge amount of interest from UK based clients as well as buyers from across mainland Europe (particularly Scandinavian countries, Belgium, the Netherlands and Switzerland), and also from the Middle East, China, South Africa and the USA.
As a buyers’ agent, I am making sure our team is taking its time to really identify the best deals on the market and then we are making sure that our buyers get to know about these as early as possible. The French Riviera property market has remained relatively buoyant throughout the economic crisis but really took off this year and we feel it will continue in the same direction in 2016. I think prices will remain stable and we may even see a small increase. Other areas which are proving very popular for us are Provence, Languedoc Roussillon and the Dordogne (as well as vineyard properties around the Bordeaux area). We have many clients already booked in for viewings in the first quarter of 2016 in all of these areas, so we hope that the increased activity of 2015 will continue throughout next year.
The French Alps is coming into its busy season at the moment, we have agreed a number of sales in Tignes, Chamonix and Morzine so far this year and we have a further 12 clients coming out to view properties before Christmas.
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About Home Hunts:
Home Hunts specialise in finding luxury homes and investment properties throughout France, Monaco, Geneva, London and New York. Home Hunts is a leading buyers’ agent, whose role is to find the hidden gems that the property market has to offer. The team collaborates with all of the best estate agents, notaires, developers and private sellers to provide the ultimate selection of properties in a desired area. Home Hunts work closely with their clients, offering unbiased advice and support throughout the entire buying process and beyond.