France, the home of the Eiffel Tower and the Palace of Versailles, has more recently gained a reputation as one of the best places for British buyers to invest in property.
Renowned for its sophisticated cuisine, rich history and dubbed the world capital of fashion, France has continued to capture the hearts of both tourists and property investors for centuries.
Whether you’re looking for a chambres d’hôtes (guesthouse), gîte (holiday cottage) or maison de campagne (country house), France has something to suit everyone’s tastes.
There are many compelling reasons as to why Brits should head south and purchase or invest in French property. With property prices 15% below their 2006 market high and a proven, well-regulated and stable market, investing in French property is becoming increasingly popular among British investors.
Buy-to-let investors can also expect to benefit from a healthy rental yield of up to 9% and long-term rentals and seasonal rentals offer a steady income for you to enjoy all year round.
Whilst Paris has been named the most visited capital worldwide, it’s the cities and regions on the outskirts of France that offer the most attractive yields and prices for potential investors.
Limousin, Poitou-Charentes and Provence are among the top regions generating buyer interest whilst you’ll find some of the most affordable houses in Brittany and Massif Central. For picturesque views, Burgundy and Loire offer the perfect combination of affordability and tourism interest.
Paris is famed for its iconic monuments including the Louvre and the Notre-Dame cathedral and the capital attracts more than 80 million tourists annually. Europe’s most enchanting capital city has long been a place of interest when it comes to property investment and with supply that is massively outweighed by a growing demand it is clear to see why.
If you’re looking for a cheaper investment then Paris isn’t the place for you. You could be paying a whopping €2million for a three-bed apartment located in the heart of Paris compared to the €130,000 it will cost you for a charismatic three-bedroom house that overlooks the lake in Pleaux.
That being said, Paris offers attractive returns all year round thanks to the booming tourism sector and international events that take place such as Paris Fashion Week that attracts some of the world’s richest and most influential VIPs looking for their perfect Paris property.
There is a range of different options available for investors and buyers looking to explore slightly cheaper alternatives. Langedoc-Roussillon, a coastal region in the South of France, extends from Provence to the Pyrenees Mountains and borders with Spain.
The region combines Spanish culture with French culture to provide the perfect mixture of fine cuisine, wine and festivities. As an investor, you can still enjoy year-long rental returns when letting in Langedoc-Roussillon thanks to the tourism interest that has continued to grow in recent years.
Whilst property prices may seem steep compared to the cheaper regions of France, you get a lot for your money. For a five-bedroom villa-type house with a large swimming pool that is surrounded by big gardens, you’re typically looking to pay between €300,000 and €500,000.
There are many different properties on the French market that suit all budgets and styles. Despite the uncertainty surrounding Brexit negotiations, British buyers and investors remain confident in French property and as a result continue to dominate the market as internationals.
Whether you’re investing in property in France or elsewhere, you should take precautions and research the options that are best for you professionally and financially.
*For more information on overseas property investment, please contact Hopwood House.