5 Reasons to Buy French Property

in Property

A French vacation or a new life as a French resident! Definitely not a hard lifestyle to adapt to.

France is perceived to offer a safe environment and a good lifestyle, but besides from a different pace of life and several enjoyable changes of lifestyle - there is a lot more to be said about the reasons to buy French property. Even in these very difficult times - with a recession going on I can think of at least 5 reasons for why a French property investment is a good idea.

  1. A significant tax break to all new residents: New French residents are being offered a 5 year exemption from Wealth Tax (Impôt de Solidarité Sur la Fortune) on all their assets overseas.
  2. France has worldwide appeal for serious investors. It offers long-term capital growth and is very economically and politically stable.
  3. There has been an increase in prospective buyers in the first quarter of 2009 when compared with the latter quarter of 2008. Twenty-three percent of the prospective buyers are investors. (It is always good to know that you can resell your property.)
  4. The fact that people will always want to holiday in France (there were 81.9 million visitors during 2007) and wanting to do so oneself, is a reassuring reason for investing in French property. Depending on the property and its position it stands a good chance of bringing in a rental income should you want to let it out as a holiday home. France is one of the most visited countries of the World with a correspondingly strong tourist market
  5. Relatively low property prices when compared to most northern European countries.

To sum it up: France have a worldwide appeal for serious investors and an increase in prospective buyers, a strong tourist market with relatively low property prices and a tax break to all new residents.

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Dorte Holm Jensen has 1 articles online

If you are considering to buy French property - choose from "Do-Uppers" in a very affordable price range to fairy tale castles. http://fincafantastica.biz/buy-a-house-in-france.html

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5 Reasons to Buy French Property

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This article was published on 2010/04/03