France is one of the most popular European countries for holiday makers and second homers alike, and while the British are the most likely Europeans to own a second home in France, real estate in France has also become very popular with American and Canadian investment property seekers.
Over the past couple of years French real estate has returned impressive gains which makes owning property in France even more appealing for many who like the thought of having an idyllic European retreat and who love the idea of profiting from their investment as well!
The appeal of France is obvious - stunningly beautiful with largely unspoiled and under populated countryside, romantic, vibrant and chic cities, breathtaking coastline, fabulous weather and of course some of the best food and wine in the world. Therefore, as stated the thought of owning real estate in France for many is a real dream; but when you consider the fact that property in France is so in demand year round from tourists and an income can actually be derived from a home owned in this stunning part of the world, the dream starts to become more tangible.
The dream becomes more tangible because the fact that well located property in France is incredibly in demand from holiday makers thus making it far more affordable for many investors to get onto the property ladder in France because the rental income they can earn can support their outlay for the property in the first place.
Someone who takes this route to owning a home in France can personally benefit from the occasional use of the property, personally benefit from the income that home brings in and personally benefit over the longer term from the impressive capital gains that real estate in France can generate.
In terms of the profitability of French property one can examine reports in The Economist magazine examining world real estate markets that have been published over the past two years: -
According to The Economist’s statistics for real estate in France the second quarter of 2003 saw average price gains in the region of 12.9% compared to a year earlier, the second quarter of 2004 saw average price gains in the region of 14.5% on a year earlier and the first quarter of 2005 saw average price gains in the region of 15% on a year earlier. And overall the statistics reveal that the French property market has grown by 87% between 1997 and 2005 showing that there’s a natural positive trend to the overall French real estate investment market place.
Anyone wishing to investigate the potential and profitability as well as the natural appeal of real estate in France further might benefit from the Red Guide’s comprehensive resource ‘Buying a Property in France’ that is billed as being ‘the ultimate guide to buying, selling and letting in France’ and which examines the entire market place as well as offering in depth insight into every single region of France for the investment property seeker. ‘Buying a Property in France’ is available from Amazon and can be purchased online by clicking here
