Britanny's Rental Property Market

Is anyone here tried to live in Britanny, how's everyday's life there? By the way only last week my father informed me that he is currently negotiating with a real estate agent through http://www.frenchventure.co.uk. One of his colleagues introduced him that website; actually that colleague of him acquired already a property from them. I checked the website and I found out that there are lots of properties in different regions of France.

If the negotiation turns out to be succesful I will be the one to take care our property there; is it advisable if we make it as a rental property, how is the rental market there right now? Thanks!

The following site will give you good info on your queries.

It is populated mainly by brits retired to France, many of whom run Gites businesses. The are in a very negative place right now because of the weakness of sterling v. euro.

The main difficulty with investing in France as far as I can see is the astronomical transaction costs. Capital appreciation has generally been very sluggish. So you really want to be in it for at the very least 5 years and ideally 10 - 15 years. Capital appreciation in Brittany was 6 % 05/06 for example.

I bought a good book called "Buying a home in France" By David Hampshire...suffice it to say after reading it we decided to rent!

I suggest you buy it and read it before you commit to anything
The various fees/taxes can amount to anything between 26 and 40% of the quoted purchase price of the house depending on its age and other factors.

If you do decide to creat a holiday home I would suggest that you market within France as well as to Ireland/UK. The french are not great travellers and generally (87%) prefer to holiday in France. Therefore a good market to tap.