Great article about the French property market this week from the New York Times. The article predominantly focuses on Provence property but it also gives a nice overview of the property market in France which include comments from Home Hunts director Tim Swannie:
“The market is picking up again a bit, and I think prices will follow.”
Much of this has to do with increased confidence in France following the election of Emmanuel Macron in May 2017, which helped put the country back on the map for international investment, said Tim Swannie, managing director of Home Hunts, an agency in the South of France. “President Macron and his new government brought a lot of optimism to the French property market in general,” Mr. Swannie said.
There is also this quote too:
In Provence, both domestic and foreign buyers are attracted to areas like the Luberon and Alpilles, lured by the sunshine, picturesque countryside and laid-back lifestyle. And home prices that are lower on average than in neighboring Côte d’Azur also appeal to some buyers, brokers said.
But Provence is a vast region, so prices can fluctuate, sometimes rivaling those in the Côte d’Azur, Mr. Swannie said. And buyers in Provence, he added, are usually seeking a different kind of property than those looking in the Côte d’Azur. “The majority of clients search for older, more authentic properties in Provence, particularly stone-built properties,” he said, “whereas there is more demand for more modern villas on the Côte d’Azur.”
