France - "A nation of property owners" (?)

O

Oso

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I'm reading that the new French government will promote property ownership which is part of the liberalising process of the French economy. Does this echo Thatcherism in UK? Could this be an opportunity that buyers can profit from? I feel there are some key advantages to buying in France e.g. Established market, EU, Mortgages available.

I am keen to find out some answers:-

- Which areas of France have most potential (Paris, second cities, or holiday/coastal property)?

- Are there some good sources of information that people have used (agents, property portals on French market)?

- Examples of what is a profitable property. Apartment/Town house and what average prices are?


Appreciate any feedback.
 
Wasn't France listed as the most overvalued property market in the world last week? (With Ireland in 6th place, behind the UK)
 
Purple said:
Wasn't France listed as the most overvalued property market in the world last week? (With Ireland in 6th place, behind the UK)
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and look at the trouble Ireland and the UK are in at the moment.

Purple, do you have a link to the above mentioned list?

Jaid
 
You'll find a link to that report on the property pin forums here: [broken link removed]
It would seem the authors of the report (Fitch ratings) highly rated the
subprime mortgage backed securities in the USA before their collapse. What does that say about their credibility? Personally I think it's absolute rubbish saying that France is the no. 1 most overvalued property market (yes I have a property there!) - what about Spain and the problems they are experiencing there? This [broken link removed] report by Deutche bank makes more sense to me, even if it's nearly a year out of date.

To the OP: you should consider Nice - it's both a city and a holiday resort in one, with an airport on it's doorstep. There are also 10 major construction projects underway with a view to improving the city which include a new tramway system. Nice also happens to be the place where the majority of French people aspire to live (source: Lonely Planet guide to Provence and Cote D'Azur). Average apartment prices vary greatly - in general the closer to the tourist areas and the promenade, the more you pay. To give you some idea of property prices, we have seen properties 1 street back from promenade (at the airport end) priced around 190K (new build, 33 square metres, fitted kitchen, a/c, 1 bed, includes parking)
 
darwin said:
To the OP: you should consider Nice - it's both a city and a holiday resort in one, with an airport on it's doorstep. There are also 10 major construction projects underway with a view to improving the city which include a new tramway system. Nice also happens to be the place where the majority of French people aspire to live (source: Lonely Planet guide to Provence and Cote D'Azur). Average apartment prices vary greatly - in general the closer to the tourist areas and the promenade, the more you pay. To give you some idea of property prices, we have seen properties 1 street back from promenade (at the airport end) priced around 190K (new build, 33 square metres, fitted kitchen, a/c, 1 bed, includes parking)
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I completely agree. :)
Except the Promenade beside the airport is a bit of a dodgy area. But if you got a tight budget........
 
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