An increased in the availability of new build homes in France has prompted interest from a fresh generation of British investors looking for low cost, minimum maintenance investment opportunities.
House hunters searching for French rural retreats have traditionally enjoyed the challenge of a farmhouse restoration but with finance proving much easier to secure on new build homes the latest breed of UK investor is being lured by attractive development deals across the Channel.
“A shortage of homes throughout France has seen increased house building activity and the fact that they are much cheaper than resale properties with mortgages easier to obtain means there is a lot of interest,” said Patrick Joseph, of French property website My-French-House.com.
“The properties usually come with a guarantee and specifications such as garden size and kitchen fitments can often be negotiated, something that appeals to modern overseas buyers.”
Mr Joseph said his website featured almost 3,500 properties and over 400 new build homes throughout France.
“With the ski season just around the corner, new developments in France’s Alpine resorts are very popular at the moment. We have some stylish two-bedroom leaseback apartments in Les Saisies, for example, with direct slope access for just €208,000 including estate agent fees.”
Mr Joseph said the French property market was buoyant, partly due to low mortgage rates and good availability across all price ranges.
“There are some fantastic bargains to be had in the new build sector, all ready to move into and perfect for families looking for a second home within easy reach of the UK,” he said.