Most sought-after regions for French property revealed
The latest data from leading independent international property portal, TheMoveChannel.com, reveals that in terms of volume of enquiries to date in 2011, Provence-Alpes-Cote d’Azur is the most sought after region by potential property buyers followed closely by Rhone-Alpes.
Analyzing over 7,000 enquiries for French property made to the site to date this year, 9% of total enquiries and 3% more than 2010, the five most popular regions were Provence-Alpes-Cote d’Azur in the south east (25%), Rhone-Alpes (21%), Languedoc-Roussillon in the south (14%), Aquitaine in the south west (8.5%) and Midi-Pyrenees (7%).
And it would appear that their popularity as second home or relocation destinations is reflected in the average asking prices which ranged from £279,541 in the Midi-Pyrenees to an eye-watering £1,109,000 in Provence-Alpes-Cote d’Azur.
French property expert and Business Development Manager for Terresens, France’s leading eco-friendly property developer, Charlie Williams, comments,
“It is no surprise that Provence-Alpes-Cote d’Azur that has topped the rankings in terms of enquiries from potential property buyers. This region, a personal favourite of mine, has something for everyone from world class ski resorts in the Alps to sun-drenched chic coastal resorts such as Cannes as well as the charming countryside of Provence.
“The majority of our clients request properties in this region with leaseback properties in prime locations in particular demand due to the flexibility they offer in terms of rental income as well as personal usage.”
And it is buying in a prime location as Williams indicates, that is key to a successful French property purchase. According to recent data from the FNAIM (French national real estate federation) property prices in popular locations have risen for the fifth consecutive quarter, up an average 3.3% over the previous quarter.
One of the key appeals of Terresens’ developments is that the eco-friendly developer only selects premium locations yet prices the residences in line with the market. Les Balcons de la Chapelle for example, the only new build development in the very popular ski destination of Meribel, is located in the very heart of the resort only minutes from lifts, shops, bars and restaurants. The classic freehold boutique luxury development comprises 6 apartments and 2 chalets, all delivered fully furnished yet prices per square meter remain lower than comparable projects in the area.
Further south, also in the most sought after region of France, Provence-Alpes-Cote d’Azur, on the glistening Mediterranean coast lies Cannes. Here Terresens is offering all the glitz and glamour of this chic resort without the price tag with Residence le Six, a stylish development of studio and 1 bedroom apartments available on the leaseback program from €137,659 with notary fees paid (saving you 2.5%) for a limited time.
If you would like more information about the most popular region in France for property then contact the experts, Terresens on +44 (0) 2030 101 110 or visit www.terresensleaseback.com.