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If you want to make buying in France an even safer bet in these difficult times, then go for the very best position you can afford. The value of a property is based to a great extent on it’s position. The best positions will always be in demand and will command more money than others. There is a limit on the number of properties that can be built in these prime locations so that demand is always higher than supply.
This applies all over the world and if you look at your home town you will know that there are certain streets and areas that are more expensive than others often due to their proximity to amenities and their outlook. It can be more difficult to recognize the better districts when you visit an area but if you take note of the types of shops available, standard of restaurants and general ambience of the town it will give you a clue as to the general wealth in close proximity.
Renting your property out will often pay the expenses and some of the mortgage repayments if you have a mortgage. Obviously this will depend on how much you use it and how much you rent it. By taking a mortgage during this period of the strong Euro, will mean that you don’t have to change so much money into Euros and then at a time when perhaps the rate might improve, you can repay the mortgage at a better exchange rate.
French Costal Properties – Prices
Buying a property by the sea which is ideal for holidays will make letting rather easier. At the present time with the Euro being strong, your rental when converted back to Sterling will be worth even more.
The domestic market in France provides the greatest number of buyers, so that buying in areas that are popular with the French is often more expensive, especially where the purchasers are Parisien. The French are very keen on properties that are close to or right by the beach, so these are in high demand and command higher prices.
Those set back a little but with sea views are more expensive than the same properties without views. Properties up to 30 minutes inland will still be sought after although their general position will be taken into account i.e. do they have a view, is it an easy drive to the sea, do they have a distant sea view, are they in a beautiful setting, do they have pretty views (if not sea views), are they away from main roads, noise and nuisance.
French Coastal Properties – Northern France Pricing Examples
So what sort of price can you expect to pay for a costal property in Northern France?
An unusual property to find with beach access is an attractive Norman manor offering direct access to Deauville beach, set in very well kept landscaped gardens of almost 5 acres priced at €6,360.000.
At the other end of the scale in the department of Morbihan in Brittany, is a new development of 150 new apartments & 20 new cottages in secure domaine with heated swimming pool, balneotherapy facilities, surrounded by woodland with a lake & situated only a few minutes from sandy beaches.)
Also in Brittany there is a selection of building plots of just under quarter of an acre that are within 1.5km of the beach. In Calvados a new leaseback development of 1 and 2 bedroom apartments with terraces, parking spaces and a communal swimming pool is set within walking distance of the coast with 2 weeks of personal use and up to 4.2% return. Prices start at €83,612 HT. There are several new developments available at present of classic purchase apartments and houses along the Normandy and Brittany coasts which offer superb holiday homes with the possibility of good rental potential if you are not using the property.
Buying a House in France | Coastal Property in France| Costs