Looking
back at the French property market in 2008 at the beginning of the credit
crunch and property crisis, it seems an awfully long time ago and at that
moment nobody could seriously have imagined the depth and longevity of the
overseas property recession. In 2014,
some 6 years later we still talk of the ongoing effects of the property slump
in France and in other European markets.
2007
and 2008 were very different places.
Buyers had to compete for good properties. Sellers offering French
properties for sale, in most cases,
were spoilt for choice and often able to dictate their selling price to the
estate agents. But things have changed
and enticing conditions are finally coming together for potential buyers of
French Property. Could 2014 be the year
to take the leap?
Uk
properties are selling again and in some areas, very fast indeed with London
properties in some areas returning to the days of selling the very same day
they hit the estate agents books.
Interest rates remain critically low with excellent French mortgages
available. Sterling has reached new
highs offering the best exchange rates for years. More importantly, sellers finally have to
accept realistic negotiations and the actual deals being done for French
properties in the current market are really offering excellent value for money.
Inquiry rates at our Dordogne based estate agency in South-West France are up 50% year to date versus
2013. Sales are likewise. There has always been a desire to purchase
properties in France throughout the crisis, it was simply that market
conditions themselves restricted the actual ability for buyers to do so.
The
boot is still really on the buyers' feet in France but we now ask the question,
for how much longer will this remain the case?
The
Dordogne Property Agency is the premier real estate agency in this sought after
region of South-West France. For more
information about property for sale in this region, contact them on: 0033 (0)5 53 80 62 62 or visit http://www.dordognepropertyagency.com/
