The ski season is now getting underway, and many resorts have already opened. This has led to an increase in the number of buyers looking to purchase property in the French Alps for use this season. One reason for this is due to the declining value of the euro, which has been especially good for those buyers from the UK.
While many purchasers are choosing to finance their purchase with a French mortgage, as interest rates are currently extremely low, a considerable percentage is choosing to pay cash. The average purchase price is around €350,000 for a two-bedroom apartment, and transaction numbers are up by around 30% compared to this time last year.
Most buyers are looking for something with two bedrooms, but they are also interested in ease of access, and properties near to Geneva airport, or those offering a relatively short commute are proving to be pretty popular.
While some buyers are choosing to purchase freehold properties with the view to letting it out while it isn't being used, others are choosing leaseback properties as these can offer a hassle-free way of owning a holiday property while earning income.
However experts to point out that it is essential to view any property purchase in France as being a long-term proposition, and to choose a place with a view to owning it for at least 10 years. During the past year property prices in France have fallen by an average of 1.3%, and there's never been a better time to buy. France is perennially popular with tourists and is still benefiting from having a relatively stable economy, in spite of the continuing euro zone crisis.
No comments:
Post a Comment