Buying Property in France’s Towns and Villages

Taking a look at where the experts say one should be buying property in France in 2008

Whilst the hustle and bustle of Paris calls to many expatriates from all over the world, the trend in 2008 is likely to involve more movement into France’s smaller towns and villages for expats and those buying French property.  The allure of the quaint French countryside is high and it is growing even stronger thanks to the recent boost of Eurostar connections between the UK and France.

In this article we’ll explore buying property in France’s towns and villages and we’ll take a look at what the experts are saying with regards to where the hotspots will be and why…

The French countryside has long appealed to British buyers for a number of reasons.  The beauty, quiet lifestyle and typically much lower cost of living all attract buyers.  Add to this the fact that buying property in France has become even easier for commuters thanks to the revamped Eurostar and it is clear why this market is expected to hold its own in 2008.

Whilst the big cities are likely to continue doing well in terms of pricing maintenance, the Telegraph is reporting that the biggest growth potential in France in the coming year is likely to be found within the smaller areas.  Here estate agent Leggett Immobililier is especially recommending buying land upon which to build.  The reasons this will prove so hot lie in the fact that land planning here covers 10-year cycles.  As land for building is snatched up, the properties that remain on the market are expected to command higher and higher prices.  The growth is anticipated regardless of development put into place on the land or not.  In fact, many would be investors might just want to buy parcels and sit on them for resale as prices climb.

At the present, Leggett reports that pieces of land that are rather large in size can be had in parts of France for as little as EUR 15,000.  Building here is exceptionally cheap in comparison to some other places.  Average costs come in around EUR 110,000.

With regard to buying property in France that is already developed, many experts are pointing toward country houses and fixer-uppers as offering the greatest bargains and growth potential.  With prices still very low for this type of property, purchases in France are attainable by many.  Small homes can be had for well under EUR 100,000 in the countryside.

Whilst some areas of Europe are likely to feel more of a pinch in 2008, the French countryside still holds plenty of potential.  Buyers who are interested in land are likely to find prices rising in the coming year.  Bargain hunters too are likely to find what they’re looking for within the smaller, quainter areas of France.  Country living does appeal to many investors, holidaymakers, retirees and expats.  Taking advantage of bargain buys, rehabilitating properties and reselling could fetch decent rewards in 2008.