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Country Property in France: Normandy & Southern France

 
 

Normandy: Country Property Prices
Southern France Property Prices
Prices and Position, Position, Position

Normandy: Country Property Prices

In Normandy a property with a gite to rent out and outbuildings that possibly could be converted would cost around 250,000 Euros (670A). An attractive Norman manor offering direct access to Deauville beach, set in very well kept landscaped gardens of almost 5 acres is on the market at 6,360,000 Euros. A recently built superb detached house with almost three quarters of an acre in Le Touquet is on the market at 1,272,000 Euros. An L-shaped colombages house with outbuildings, set in over an acre situated inland from Deauville and in a situation 4 kms from the nearest amenities is priced at 395,000 Euros.

Southern France Property Prices

Similarly on the Southern coast where properties are probably the most expensive in France, once you come inland, say within an hour of the coast it is possible to find some rural properties that are quite well priced. For instance a Provencal style house set in over half an acre of south facing grounds with boules pitch, swimming pool & guest apartment, surrounded by huge sun bathing terrace situated near the town of Lorgues in the Var is for sale at 430,000. A charming stone house set in 2.5 acres of grounds surrounded by vines & meadows is on the market at 642.000 Euros.

When looking in an area you will also notice that similar properties in what seems to be a similar area are priced very differently. This could be the way the property is facing, perhaps it is in a dip between hills and therefore doesn’t get the sun very long, perhaps its immediate surroundings are blemished with factories, shopping centres etc or perhaps it just doesn’t have
a view whereas the higher priced property may look out over rolling fields towards mountains etc. Then you need to take into account whether it is situated in a position that is ‘walkable’ to some shops and within a very short drive of a market town or whether it is totally isolated and you will need to spend 30 minutes on the road to do the shopping.

For some people an isolated property is exactly what they are looking for, and it will normally be cheaper the further away from amenities and other properties that it is.

Prices and Position, Position, Position

It must be remembered that prices are set by demand in an area – position, position, position does not always mean that a cheaper property is in a bad position, but that it is in a position that is not so much in demand. It follows that there will be a smaller number of people looking to buy such properties when you come to sell which in turn will mean that the price cannot be inflated. Buying in a city or close to the sea where the demand is huge for reasons of work opportunities or the enjoyment of the coast means that prices may escalate when the market is booming and slow down when it is not – whereas very rural properties will increase more gradually and be extremely stable in their pricing.

The current market with all the difficulties of the present financial climate has made it difficult to sell properties in the UK and made people nervous to invest in a property. In France, where the mortgage system has kept people’s borrowings within a much more limited percentage of earnings, the difficulties are not so great and the market is stable, but with the worldwide financial concerns at present it will allow ready buyers to negotiate a purchase to a lower level than previously so that in fact it will negate the increase in the exchange rate for the UK buyer.

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