French Market Picking Up
November 23, 2008Ms 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 pound 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.
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.
Nices increases 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 dAzur 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. Source:The Move Channel.