At this particular time France is now top dog for Brits searching for overseas property. Because of the economic crisis Spain's property market has dropped in value and house prices have been slashed considerably. This unpredictable market has made Brits think twice about purchasing their second home in Spain and look for a more secure economy to invest into.
Apart from the falling property rates, there are further problems with Spain's property market.Many buyers have had trouble with the countries laws and deceitful developers which meant added costs, or in fact the loss, of their new homes. These kinds of problems have put people off purchasing homes in Spain and looking elsewhere.
Following this it means that UK buyers are looking for alternatives and top of the list is investing in French property. It has not been affected by the economic crisis and the general view is that it is a very safe place to invest into without a lot of risk.
France offers a variety of different property from rural remote areas to the hubbub of the city. This means it can accommodate most of investor's specifications which is why it is increasing in popularity. Northwest areas such as Brittany and Normandy are popular for peace, tranquil places and stunning scenery. Another popular region is Cte d'Azur which has fantastic coastlines with sandy beaches.
Dordogne in the southwest of France is very popular with English people, both for vacations and for purchasing property; so much so that it has been given the nickname,' Little Britain'. As France is so easily reachable from the UK, being the nearest continental neighbor, it means most people have been there and are familiar with the culture, making them more inclined to buy property in France.
So it seems that France is the new Spain... But will it stay this way? Both will always be popular picks for Brits so we will just have to keep an eye on future developments in the French property market!
Apart from the falling property rates, there are further problems with Spain's property market.Many buyers have had trouble with the countries laws and deceitful developers which meant added costs, or in fact the loss, of their new homes. These kinds of problems have put people off purchasing homes in Spain and looking elsewhere.
Following this it means that UK buyers are looking for alternatives and top of the list is investing in French property. It has not been affected by the economic crisis and the general view is that it is a very safe place to invest into without a lot of risk.
France offers a variety of different property from rural remote areas to the hubbub of the city. This means it can accommodate most of investor's specifications which is why it is increasing in popularity. Northwest areas such as Brittany and Normandy are popular for peace, tranquil places and stunning scenery. Another popular region is Cte d'Azur which has fantastic coastlines with sandy beaches.
Dordogne in the southwest of France is very popular with English people, both for vacations and for purchasing property; so much so that it has been given the nickname,' Little Britain'. As France is so easily reachable from the UK, being the nearest continental neighbor, it means most people have been there and are familiar with the culture, making them more inclined to buy property in France.
So it seems that France is the new Spain... But will it stay this way? Both will always be popular picks for Brits so we will just have to keep an eye on future developments in the French property market!
About the Author:
Pauline Felward has written about French property and Spanish property for the past two years. She is familiar with the overseas property market and is even has overseas property investments herself.
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