Why Now Is A Good Time To Buy Property In France

I said in my newsletter this week that now was a good time to buy a home in France and was asked why? This is my brief reply…..

Sterling is 20 percent stronger against the euro in the last few weeks so property in France is 20 percent cheaper than it was before Christmas. Prices in France have dropped about 10 percent on average over the last 12 months, but are now stable – people have waited for the last year to put their property on the market, now there is a lot available which makes it a buyers market with a stronger pound – so I conclude now is a good tome for Sterling of Dollar buyers for French property

…..I am also basing this on the feedback from guests at our home Villa Roquette since March most guests staying with us have been seriously looking at property for sale – two have made offers, three are returning with the intention of buying. In twelve years of renting and selling I have never seen such a high level of interest, even if the euro gets weaker, the demand for property will mean increases in asking prices soon I believe.

I am only referring to Languedoc as this is all I can observe but I guess the euro/price effect is similar elsewhere.