Inside France – Prime Property Observations For Safer Investing Spring 2015
When Home Hunts, leading property search specialist, analysed its data in order to produce the spring 2015 issue of Inside France– its second annual report dedicated to real estate insights in France, a rise in enquiries and transactions showed that buyers who were waiting for an optimal buying opportunity have decided that the time to buy is now.
Home Hunts’ buyers are taking advantage of this unique time in the French housing market to find their dream home, in their dream location at a dream price. Lower prices already make the prospect of buying French property interesting, but combined with low interest rates, advantageous exchange rates and now also a reduction of Capital Gains Tax for foreign sellers of almost 50% effectively; the French real estate market is offering attractive deals that were simply not possible before.
• Flexible property prices and unique, favourable market conditions make 2015 the year of the deal
• Home Hunts’ enquiries and sales of prime property were up 35% overall in 2014, compared with 2013
• FNAIM reported an average 1.5% drop in house prices in France in 2014. Only one hotspot has seen house prices increase in the last 12 months: Languedoc, by almost 1%
• The most common nationalities of buyers in France are British, French, American, Swiss, Russian and Middle Eastern, but many are also Italian, Belgian, Scandinavian, Brazilian and Eastern European
• Home Hunts’ most popular property price bracket in 2014 was €1-5 million in the French Alps, which received 90% of the overall interest from buyers making enquiries in this region
• Home Hunts’ data reveals the most coveted regions: Paris, the Alps, the South West, Languedoc, Provence and the Riviera
• Inside France reveals in detail the types of properties most popular with buyers e.g. in Provence stone farmhouses with land, properties with hobby vines or olive groves and ‘lock-up and leave’
• In Paris the 6th, 7th, 8th, 16th(north), 17th(ParcMonceau), and 18th(Montmartre) arrondissements have proved most popular in 2014.
• Cap Ferrat on the French Riviera continues to be Home Hunts most expensive and desired address
• Home Hunts’ vineyard sales in France boomed in 2014 and are up 35% when compared with data from 2013. In March 2015 Home Hunts launched a bespoke vineyard service in response to demand.
• Top Tip for good value for money in a vineyard property: Pécharmant Appellation (north of Bergerac). The wines compare to those from Lalande de Pomerol in price yet the land is only €30,000 per hectare compared to €220,000 per hectare in St Emilion.
• The French General Election in 2017 is likely to result in a change of government and savvy investors are taking advantage of the current favourable buying conditions to reap rewards later
Tim Swannie, Director of Home Hunts is available for phone interviews on request.
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.
Sales Enquiries: Website: www.home-hunts.com / Tel: UK Tel: +44 (0)208 144 5501
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