LONDON, ENGLAND, November 30, 2008
/24-7PressRelease/ -- Experts have been shouting about the French market picking up for a while now. Trisha Mason from
French properties specialist firm VEF said the number of Britons buying French property had dipped during the credit crunch because the fall in UK house prices reduced their main source of funding such a purchase.
Ms Mason said, "However, the signs are that things are slowly improving again. Most Britons who buy in France do so for lifestyle reasons, with the perceived superiority of health and education services being major factors."
The
French property market is also said to be entering a period of greater stability after French president Nicholas Sarkozy announced that a 280 billion package was being implemented to bolster the banking system in the country.
The increased market confidence and UK interest rate cut means that it should be easier for UK residents buying French property to borrow from British lenders.
So, if a secure backdrop is there, the next thing to worry about is where to buy. According to Director of francemediterraneanproperty.com Peter-Danton de Rouffignac,
Nice is a good bet.
Notaires de France figures show that house prices in Nice have risen by ten per cent and apartment prices by 7.27 per cent over the past year.
Nice's increases (sorry, couldn't resist) are superior even to those in Paris- the city of light saw a 9.7 per cent rise over the last 12 months. Other city centres across France saw prices rises of around five per cent.
The 'capital of the French Riviera', Nice is an affluent city and a great place from which to explore the rest of the Côte d'Azur and nearby Monaco. You could even take one of the frequent ferries across to Corsica.
The best value properties in Nice are to be found north of the railway station. Brand new homes are much in demand and there is a lot of land in the west of the town awaiting development.
Nice also has an exceptionally strong rental market, with a particularly strong demand in the summer. Long-term letting is a popular option during the winter months, with students, expatriates and locals as the main tenants. Average rents in Nice are the second highest in France, after the greater Paris region.
Mr de Rouffignac said, Contrary to what some people think, now is still a good time to buy French property."
For more information on
France properties and the market in general, please visit
http://france.themovechannel.com.
Notes to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.
For further information as well as images and interview possibilities, please contact:
Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650
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