The French Property Market
Is the French Property Market finally shows signs of life!
On the same day that Sarkozy confirmed that he will stand again, the Sunday Times reported that “overseas property hunters are rushing to take advantage of record low mortgage rates … as well as a strengthening pound”. Sterling rose strongly on Friday following Scotland’s decision to stay in the Union and ended the day at 1.27 against the euro. This means in effect that there has been a 25% reduction in prices due to the exchange rate. Add to this the probable price falls over the last couple of years of up to 45% according to Knight Frank in some areas of France and you can see why interest is returning!
If you are interested in the Dordogne as a possible area in which to purchase your dream abode, Angela Martyn who looks after Milandes for us also is an agent for Leggett in the area and has a wide and eclectic mix of properties available to suit all price brackets. An old friend of ours, Jim Pattinson, has been involved in the Dordogne property market for many years and now heads up the premium market on behalf of Beaux Villages which again has a wide selection of properties available.
Les Milandes is the obvious place to base yourselves whilst looking for that dream home! You could rent a two bedroom cottage for a week while you explore or bring the family and stay in the Manoir or Mairie. We would more than happy to introduce you to Angela or Jim and they could plan a tour to take into account your requirements and guide you around the area.