Published on 24 May 2007 at 05:16 pm
Filed in Property News for France » Buy Investment Property in France: Stop Procrastinating
France is one of the most popular second home and holiday locations for Britons simply because it is so accessible - you can fly to France, drive to France and you can even take a train to France. But recently France has wavered in favour as Brits have been lured away to explore seemingly exciting emerging locations such as Bulgaria and Poland which have been boosted in appeal by the old cheap flight effect. But you know what? These cheap locations all play second fiddle to France in terms of everything from cuisine to culture, and from accessibility to investment appeal.
Yes you can get a cheap flight to Krakow today, but what about when eco-taxes are applied to flight prices, yes you can get a cheap property in Sunny Beach (well, you can’t actually) but what about when you want to rent it or resell it and you’re hit by the deluge of real estate related competition? France doesn’t suffer from any of these emerging market glitches and foibles and so we’ve decided to cut to the chase and tell you why you should buy investment property in France and stop procrastinating!
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Buying property in France is not for the impatient – it is a process that takes time and which should maybe be savoured like a fine French wine!
There are many hurdles and potential issues to be aware of before venturing out and making an offer to buy and this guide to buying property in France aims to arm the would be investor with the key information necessary for making a secure purchase.
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So keen are the French government to attract foreign investment into the property market that they recently halved the amount of capital gains tax payable on the realisation of profit from the resale of property and they invented the French leaseback scheme that allows buyers to own outright freehold property in France, purchasing it at a discount to market value and generating a guaranteed return from it whilst retaining the right to occasional personal use of the property.
Naturally enough these factors mean that the investment property market in France is ripe for exploration.
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France is a geographically diverse nation offering property investors almost an unparalleled wealth of opportunity right across the country; furthermore French property is still largely affordable with only the most popular towns in the most popular regions having reached heady heights in terms of property prices.
There is an added incentive for property investors looking at opportunities in France as well; the French government are keen to attract foreign interest in property in France as a way of bringing in investment on the one hand, and as a way of creating desirable holiday property on the other hand. The government wants to do this to lure greater numbers of tourists to sample the delights of France and to raise the amount of overseas money that the French economy benefits from annually.
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