Buy a New Home in Brittany for 75,000 Euros
Buy a New Home in Brittany
Property in Brittany: Price Variations
Properties for Renovation in Brittany
What could be purchased for 75,000 Euros?
Buying In France: Investment & Mortgages
Resale Properties in Brittany: Room for Negotiation
Buy a New Home in Brittany
Brittany is a great area to search for a property in France that is reasonably priced;
£75,000 will still buy you a good French property, and because of it’s peninsula shape it is probable that most properties will be within an hour of the coast, if not less.
Property in Brittany: Price Variations
The nearer to the coast of Brittany that you go the more expensive properties are likely to be. You are likely to find a selection of pretty cottages both old and built more recently, and some may require some work or renovation. Houses situated in a village without gardens may also be of interest; new build or off-plan property might also offer you a good solution as you will be buying a new home that will have a 10 year guarantee plus the fact that new properties are very ‘low maintenance’.
Properties for Renovation in Brittany
Buying something that requires a lot of work will mean having to find more money and in France, renovation costs are normally higher than expected. If you are happy to do some work to the property, make sure it is quantifiable before you go ahead, so that you are clear about what the works will cost you to complete.
What could be purchased for 75,000 Euros?
As an example you could buy a detached house with enclosed garden of approximately a quarter of an acre and living space of 100m2 including 4 bedrooms which is approximately ten minutes drive from Josselin or a 1 bedroom apartment within 1 km of the beach.
Buying off-plan would mean that you pay in stage payments whilst the property is being built which might give you the possibility of saving a little more towards the property so that 2 bedrooms might be possible.
Buying In France: Investment & Mortgages
Whilst the Euro is strong it should be remembered that it makes for a safe place to invest your money. You may like to consider taking a mortgage as rates in France are lower and it would mean that you would not need to change so much currency at this point in time, but could repay the mortgage at any time in the future should the Euro weakens, so that your sterling would buy more Euros.
When you have agreed the purchase, or even before it will be important that you speak to currency companies to get their opinion on the future rates and may well be worth changing your money now to fix a rate. Some currency companies offer the possibility of fixing a future rate by lodging 10% of your proposed purchase cost with them.
Resale Properties in Brittany: Room for Negotiation
You should also bear in mind that property prices for resale properties may be a little more negotiable than new builds, and so that it will definitely be worth trying a lower offer. I would suggest that you make a viewing trip as soon as possible to see if you will be satisfied with the properties you can buy with your budget; French property owners tend to put their properties on the market in Spring or Autumn so that you will get the best choice available at this time of year.
Brittany Properties | Property for Sale in Northern France | Latitudes French Property Agents |
