Investors that are interested in a stable holiday homes rental market and reasonable prices for real estate, should pay attention to France, ee24.com reports with reference to the British media. British landlords confirm that France is still popular, and the cooling economic climate did not affect the length of the holiday season. In fact, 30% of owners rent out theit housing for 20-30 weeks every the year, and 15% managed to reach the ceiling of 30-40 weeks.
Most landlords in France were able to attract tenants not only in summer but also during autumn and spring seasons. It is possible to extend the season even to 5-10 months. There are even those who specialize in welcoming guests during the Christmas and New Year holidays.
Type of guests also changes during the season. Large families usually travel during the summer. The summer season is also popular among couples and tour groups. Although it is still widely believed that France is visited mostly by the elderly, the recent polls show that the majority of tourists are the people aged 30-40 years. There is also a considerable number of those who are under 30 years old.
The British are the most active and stable customers in France, coming back year after year, drawn by the call of the ancestors. However, the Belgians, the Dutch and Australians also come to the land of vineyards. A third of landlords reported that up to 15% of their customers are coming back for the next year, and another third boasts the figure of 15-25%.
The state of the French real estate market right now is extremely favorable for the buyers. Prices are falling, while interest rates remain low. Property prices fell by 3.6% in the first half of 2013 compared with the same period in 2012. Prices in provincial and rural areas are still very low, even after the 2.7% increase. So you should think not only about renting, but also about buying a property in France.
Text: Ivan Ulitin, ee24.com