ST TROPEZ, FRANCE, March 04, 2011 (Press-News.org) It took years for the market to recover but recover it did. Scarred but intact the banking community tightened its internal regulations and the French Government established legislation to protect the purchaser from over indebtedness holding the banks responsible.
The result is that while the rest of the world chose the easy money route into sub prime lending, the French banks maintained their control over the French lending market.
The result is a relatively stable property based economy, with little devaluation at the lower and middle market price levels for properties which fall into what can be described as "not uncommon".
The French Riviera comprises a limited potential for development, strict urban planning regulations and all the advantages of a beautiful landscape, a sophisticated lifestyle, political and social stability plus a benign climate. No wonder then that in times of crisis "when the going gets tough", the tough look at property for sale South France, for security, stability, and capital appreciation. Because the demand for uncommon real estate South of France surpasses the offer, villas in outstanding positions, having sizable landscaped grounds and sophisticated luxurious appointments maintain their price levels and benefit from increases in value well beyond both inflation and current interest levels.
The region is synonymous with Provencal architecture. It can vary between the ancient stone farmhouses for sale in the countryside to the modern Mediterranean styles found in other neighboring countries. Rarer are the classical homes of the fabulous Belle Epoque era of the beginning of the 20th century. Equally rare, but increasingly available, are the elegant contemporary homes so long absent from the market, with large sliding doors onto vast terraces, spacious, bright volumes, ultramodern appointments and the subtle marriages of glass, stone, stainless steel, wrought iron, ceramic and wood.
Cannes real estate is one such area where buyers are always on the lookout for luxury property opportunities to invest in. Glimpsed through private gates and down tree lined driveways can be found contemporary homes with incredible vistas over the ocean and impressive villas with acres of land to landscape. Inside the town stylish townhouses within walking distance of the boutiques and restaurants that give Cannes its allure can occasionally be found on the market.
For those looking to purchase real estate south of France, Cannes is an excellent place to start and Carlton International can assist you in your search. Carlton International provides some of the most exclusive property for sale south of France. St Tropez, Cap D'Antibes, Cap D'Ail and Cannes real estate are all available to be viewed through our website at Carlton International. We can assist in all aspects of your luxury real estate south France search.
Website: http://www.carlton-international.com
Carlton International - No Luxury Property Crisis on the French Riviera
French Banks learned the hard way at the beginning of the 1990s. Speculation, low cost mortgages, doubtful borrowers and a booming market....sound familiar?
2011-03-04
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[Press-News.org] Carlton International - No Luxury Property Crisis on the French RivieraFrench Banks learned the hard way at the beginning of the 1990s. Speculation, low cost mortgages, doubtful borrowers and a booming market....sound familiar?