France Is The New Spain

At this particular time France is now top dog for Brits looking for overseas property. Due to the economic crisis Spain’s property market has decreased in value and house prices have been slashed considerably. This volatile market has made Brits think twice about buying their second home in Spain and look for a more stable economy to invest into.

Aside from the falling property rates, there are further problems with Spain’s property market.Many buyers have had trouble with the countries laws and dodgy developers which meant extra costs, or in fact the loss, of their new homes. These kinds of issues have put people off buying homes in Spain and searching 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 tulmult of the city. This means it can accommodate most of investor’s conditions which is why it is increasing in popularity. Northwest regions such as Brittany and Normandy are popular for peace, tranquil places and amazing scenery. Another popular region is Côte d’Azur which offers fantastic coastlines with sandy beaches.

Dordogne in the southwest of France is particularly popular with English people, both for holidaying 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 closest continental neighbor, it means most people have been there and are familiar with the culture, making them further 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 choices for Brits so we will just have to keep an eye on further developments in the French property market!