Saturday, March 26, 2011

French holiday homes - is it "le recovery"....The Guardian 26/3/11

There's a nice story in The Guardian this morning which I'm delighted to say features a couple of quotes from yours truly.

Written by respected journalist Graham Norwood the sub-head is "Britons who own a French holiday home have had to weather a much gentler downturn than in Spain – and house prices may now be on the up".

You can read the full story here.

I'm not convinced that we are going to see substantial changes in price (in either direction) anytime soon over here but I definitely stand by my quotes that transaction numbers of international buyers are on the increase again. 

I think that we may see a small, single digit, increase in prices reported for 2011 but as I have said so many times before stats like this are pretty meaningless.

France is a series of hundreds (if not thousands) of micro markets and scientific valuation techniques are non existent.  The owner says how much they want and the agents add their fees on.

If you're thinking of buying in France then for goodness sake take the advice of someone who lives, works and breathes in their local market.

Meanwhile I'm waiting for a few of the 1,130,000 Guardian readers to get on the phone and brief me to find them a holiday home in the Charente!

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