Buy a House in France – Amazing Facts
Why we highly recommend Buy a House in France or investing in real estate in general, as Franklin D. Roosevelt once famously said: “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care… it is about the safest investment in the world”.
Last year was certainly a challenging year for all of us. However, the French real estate market is really stable and is expected to grow this year.
The Banque de France forecasts that the French economy is expected to grow this year and the next year. It is expected to grow by +7.4% in 2021 and +3.0% in 2022, after suffering a -8.7% decline during 2020 as a result of the Coronavirus crisis. There are a couple of main reasons for optimism. Firstly, France does not heavily rely on exports as compared to the other major European economies. Only about 30% of French GDP is comprised of exports of goods and services. This helped the current situation and did not affect the economy too badly. Secondly, the French government announced a €100 billion economic stimulus package back in September last year. The aim is to return the French economy back to its pre-crisis levels by 2022.
why you should Buy a House in France?
There is a high demand for housing and only limited availability in primary and secondary markets.
With the interest rate being lowest at the moment and expected to remain low in the near future, it is encouraging many investors to step onto the property ladder.
Here are some of the areas in France that have great potential for investment in 2021:
Discover and fall in love with the beautiful region of Haute-Savoie, located at the foot of the French and Swiss Alps along the French side of Lake Geneva (Lac Leman).
Live at the heart of Europe in this excellent location that combines the magnificent Alps with a lakeshore environment, providing a small-town feel near a large international city.
Enjoy French cuisine and culture while exploring the picturesque lakeside towns of Evian-Les-Bains, Thonon-Les-Bains, Bernier, Yvoire, Messery, Chens Sur Leman, and Excenevex, located less than 1h from the international city of Geneva. The Swiss towns of Lausanne, Vevey, Nyon, and Montreux are within easy reach on the other side of the Lake, only 35 minutes by boat from Evian.
The real estate market in the Lac Léman area of the Haute-Savoie region is booming. Geneva is the “heart” of Europe, and, as a result, demand for housing is rapidly growing in neighboring France. You have a choice from apartment to villa, chalet, and even farmland. You will be making a sound investment if you buy real estate on Lac Léman.
Buy a House in France – PARIS
Paris is one of the world’s few really legendary capitals and a true economic hub for France and Europe. Seen as a blend of past and future, Paris is a dream destination for French and international visitors and investors.
Paris boasts a highly skilled workforce, a true reservoir of talents and abilities, particularly academic and economic ones. The French capital is also a vital political, administrative, economic, financial, cultural, and academic center in Europe. It has a rapidly flourishing commercial real estate market, with 10% of its land, over 900 hectares, under development. The capital offers the most competitive prices of any European city, including London and Frankfurt, for establishing businesses, and features an incredibly diverse real estate portfolio (new buildings, Haussmannian architecture, etc.) It also boasts the 2nd largest airport for passengers in Europe, and the largest for freight – Roissy.
Paris will always be Paris, and its international influence, both economically and politically, will never diminish. Tourists will continue to flock to the French capital. This alone is a good enough reason to invest in property in Paris.
Numerous activities, such as shopping, golf, sailing, and cultural visits, are available between the lavender fields and the blue colors of the Mediterranean.
The French Riviera is consistently so desirable to overseas buyers because real estate here either holds its value or adds to it.
The Cote d’Azur has both expensive and affordable properties, with a good return on investment.
A luxury villa in Cannes may cost millions of Euros, but it comes with a near-perfect climate, a jet-set lifestyle, and access to the most exclusive parties! Beausoleil, located within spitting distance of Monaco, offers a variety of properties for less than half the price of the tax haven next door.
On the other hand, Nice offers some great opportunities to own French Riviera property at bargain prices. A studio or apartment in Nice or Cannes should prove to be an extremely good investment.
The rental potential, especially in Cannes, is one of the best in Europe, so you can make good money on your initial layout; The appreciation factor is also significant, the properties in French Riviera enjoy great capital growth.
VENDOME INTERNATIONAL PROPERTY
For over 35 years VENDOME INTERNATIONAL PROPERTY has been providing the best real estate deals in many countries around the world, including France, Morocco, Thailand, and Spain.
We provide advice at every stage of your real estate investment. Members of our professional and dedicated team are by your side to understand your needs and ensure the best purchase that meets all your needs.
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