Wednesday 15 April 2015

Notaires warn about house prices

The latest report by French notaires is pretty gloomy about house prices as an investment. Only in the main cities have prices been more or less stable; the further one gets from the centres of population, the more the prices have fallen in 2014. And old country houses are the least in demand.
Buying a maison secondaire has become more than ever a luxury. Not sure of the possibility of making a profit (and we might add 30 years before capital gains tax is exempted) in these times of falling prices, buyers are scarce on the ground. Apparently the Gers is one area particularly badly hit and the notaires warn of a "plethora of properties" for sale indicating a slow market.
The notaires also point out that the average second home is only used for 6 weeks per annum.
Nevertheless, the beauty of our area, the choice of houses and the weak euro are still attracting buyers looking to move here or buy a holiday home.
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