NICE, FRANCE, November 29, 2012 (Press-News.org) British people looking to obtain real estate abroad are choosing to purchase south of France real estate rather than villas in Spain according to the most recent HiFX Property Hotspots Report.
Mark Bodega of HiFX recently commented 'France remains a safe bet for Brits. It goes without saying that the sun and lifestyle are a big pull, but buyers can now get better value for their money and take advantage of the weakening euro,'
This report co-insides with news that the French mortgage market is improving. "Recently, we have seen many more bankers buying in France to enjoy the value offered by the long term fixed rates as a hedge against inflation. As we all know, the size of government debt across Europe is mind boggling. The bankers think that the governments may try to inflate their way out of this problem, as they have in the past, using policies that encourage inflation," said John Busby, director of specialist mortgage provider - French Private Finance.
"It is these options which have got those in the finance industry looking seriously at the French property market. Many of us have a strong desire to own a property in France, and the current mixture of ultra low long term rates and soft property prices, with the promise of inflation and higher rates with increases in property prices to come in future, make an excellent case for investing in property for sale in the south of France," added Mr Busby.
Recently, the French government announced the Scellier law will be taken over by the Duflot law. Commencing on the 1st January 2013, anybody wishing to purchase a brand new property for sale in the south of France, with a view to renting it out, can take advantage of a tax deduction equating to 18% of the total figure invested, up to a maximum of EUR300,000. This tax subtraction will be implemented over a 9 year period.
This change in law will apply to various areas of France, namely - part of the French Riviera and various cities located in the Var and Alpes-Maritimes regions, thus making south of France real estate even more alluring.
Eurofrance Real Estate presents an impressive selection of property for sale in the South of France, as well as a collection of holiday rentals on the French Riviera and the Cote D'Azur. Whether you are looking to invest in Valbonne real estate, or for your own property for sale in Mougins, our expert team can guide you through the sales process and help you realise your dream of owning a beautiful Cote D'Azur property. Contact us to view our portfolio of houses for sale in the south of France. Tel: +33 (0) 492 94 09 94.
Despite Eurozone Crisis, Now is the Time to Invest in South of France Real Estate
Recent survey reveals France is currently a hot spot with good investment potential for those looking to purchase property abroad. A recent change in law makes investment even more attractive.
2012-11-29
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[Press-News.org] Despite Eurozone Crisis, Now is the Time to Invest in South of France Real EstateRecent survey reveals France is currently a hot spot with good investment potential for those looking to purchase property abroad. A recent change in law makes investment even more attractive.