Property has traditionally been one of the safest long-term investments, and because of its stable politics and conservative economy, France is a popular choice for prudent investors. But when is the best time to buy property?
Before a property recession hits rock bottom
When vendors are at their all-time pessimistic and accept low offers.
When you as the buyer have the maximum bargaining power.
When you have the least competition from other buyers.
When choice is good (although perhaps not great – read more below)
When renovations, if required, are the best value for money, due to an over-supply of builders.
Other considerations
Is your money safe where it is? Are you sure? (Be wary of stocks, shares and pension funds at present).
What is the value of your money? Is there a threat of it being devalued?
Currency exchange rates – are they in your favour, can you take advantage of volatility and mitigate risk?
What are the capital growth opportunities, and scope for earning in the meantime? (we now do holiday lets)
Do you have a good choice of properties for sale (many of our vendors have removed their properties from the overt market, opting instead for discreet marketing).
Agence Classic French Homes SARL - Chateau Lacanaud - Serres - 24500 Eymet - Dordogne - France
tel: +33 (0)5 53 23 32 13 portable: +33 (0)6 76 45 32 25
SARL au Capital de €30.000 - Carte Professionelle No. 484 Prefecture de la Dordogne
Siret: 49144932800013 RCS Bergerac - Garantie de €120.000 Caisse de Garantie de L'Immobilier FNAIM Paris
Appointed representative of Knight Frank in the Dordogne, France - Member of the Knight Frank International Residential Network