Many experts agree the high growth in France’s property market is starting to cool, but that does not mean investors and buyers cannot find very interesting pockets of promise that offer plenty of investment opportunities. One area that is really capturing the attention of investors and expatriates alike is Languedoc-Roussillon.
In this article, we’ll take a closer look at French property in the Languedoc-Roussillon region, we’ll also explore strategies some buyers are using to make their properties pay off for them.
Located in the south of France, the region is loved for its Mediterranean resorts, high mountains and most especially its vineyards. In fact, it is considered the world’s biggest wine producer. The attraction of Languedoc-Roussillon has increased in recent years. With budget airlines serving all of the area’s main cities including Montpellier and Toulouse, property here enjoyed France’s biggest rise between 1999 and 2004 according to the Telegraph.
With its beautiful countryside and warmer southern climate, it is little wonder that Languedoc is enjoying so much attention. Buyers and holidaymakers here find themselves delighted by what the region has to offer. World famous Carcassonne, home to one of the world’s most picturesque walled cities and castles is found within Languedoc as are a number of Roman ruins and monuments, medieval landmarks and even Romanesque churches.
Although prices here have increased, buyers are finding that Languedoc offers them much more value for their money than nearby Provence. In fact, some Brits are looking toward Languedoc for its promising income potential. A popular strategy among expats is to purchase property to create bed and breakfast establishments. Other buyers are looking at buy-to-let potential for the holidaymaking market. Whilst older homes are a bit of a draw, many are finding new construction more to their liking.
Those who do purchase property in France with an eye toward opening a tourism driven business do need to be aware the market tends to be seasonal. Since many bed and breakfasts close down in the winter months, it does pay for buyers who move here to have other sources of income such as investments or pensions.
Prices in the Languedoc region have gained in recent years, but they do come in a great deal lower than in Provence. The cost per square metre in Provence is nearly GBP 2,000, but Languedoc has yet to rise to GBP 1,400. With anticipated growth in a modest, single-digit range anticipated by France’s national federal of estate agents, this region is worth a closer look by those who want to take in what the country’s southern regions offer without paying the price of Provence.
Buying property in France’s Languedoc region offers an alternative to the more pricey Provence. With its bustling wine industry and steady stream of tourists that come to take in the sights, the region does show potential for investors, expatriates and holidaymakers alike.
