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With the downturn in pensions and other more traditional
methods of investing, more and more people are turning to bricks and mortar
and leaseback schemes have helped take the hassle out of owning buy to let
property for many.
Uncertainty in the UK property market is
leading to more investors turning to foreign
markets for their property purchases. Whilst
there is currently a trend in eastern European
“developing” markets, these markets have little
history and present a risk to many investors.
France is an attractive alternative and being
located just across the channel makes it a
practical choice. Prices are still rising and
interest rates are low making it ideal for those
wishing to finance their purchase through a
mortgage.
The French property market has experienced
an increase in prices of between 50 –60% over
the last five years (source: Laviefinanciere.com) and according to the
INSEE 320 000 lodgings must be constructed
each year from 1999 to at least 2020 to
respond to sociological demands in terms of
housing.
It is however, important to purchase the right
kind of property in right place to ensure that
your investment will stand the test of time. Just
because prices are rising does not mean
potential investors are guaranteed that their
property will rise in price.
© Your French Property
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