Wednesday, November 23, 2005

Latest French hotspot for investment property

Assetz News - French Limousin "the new Provence"

22nd November 2005

"The still largely undiscovered French province of Limousin is experiencing an influx of British property buyers and is set to become 'the new Provence', national newspaper Le Monde has predicted.

And despite the invasion of Brits and inevitable interest in the property market, Limousin remains France's cheapest province. Reports in the Sunday Times found that buyers could snap up a beautiful three-bedroom house with a garden for just �80,000 - a fraction of the price of other regions. A farmhouse with some land could also be yours for a mere �135,000 in the southern region.

But all this could be set to change as new access to the region is predicted to bring in thousands more property hunters for the same opportunities. Investors are being advised to snap up the best pick quickly. Already, there are 14 flights a week from Britain to the region, and Ryanair predicts that by 2006, up to 300,000 Brits will be using the route. Furthermore, the airline estimates that up to one in ten of them will be looking to buy property."

Worth checking out if France is on your target list of places where you would like to invest in property.

Chris Bell

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2 Comments:

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