In recent years, the housing market in Provence has been sluggish, as it has throughout France. But in the past year or so it has been gaining momentum, said Andrea Bichi, owner of Your Provence, a real estate agency in Goult.
Bordeaux, which has a population of about 250,000, has “exploded with optimism and enthusiasm” in the last five years, said Michael Baynes, an executive partner of Maxwell-Baynes, the affiliate of Christie’s International Real Estate in southwestern France. He credited Bordeaux’s restaurants and its proximity to the beach and wine country, as well as the high-speed train.
A French property scheme is a "slow-burning catastrophe" for British investors who are trapped in costly contracts, an MEP has said.
The leaseback schemes were aimed at encouraging people to buy properties in tourist areas, then rent them out.
Corsica, a Mediterranean island with about 330,000 residents, is known for its stunning beaches and is essentially divided into two housing markets, in the north and south, said Lionel Thomas, the founder and real estate director of the brokerage and advisory agency Mr. & Mrs. Thomas Private Office.
Compared with other luxury markets in France — especially those in the south or on the Mediterranean coast — the Atlantic coast and the northwest are more affordable, said Ronan Pradeau, founder of France Châteaux Sotheby’s International Realty.
In a small city in eastern China, a new $900m theme park has just opened. Set over 1,000 acres and built with the help of the designers of Disneyland, it has an Italian-style castle at its centre, transporting you to straight to Tuscany.
The Grand Est region of northeastern France saw home prices fall by 10 to 15 percent in 2011, when the global economic crisis hit the real estate market there, said Laurent Furst, a consultant with the online real estate company Safti.
But the region tends to be more stable than other parts of France, and there wasn’t a great run-up in prices before the recession, said Christelle Schenck, the broker owner of L’Emplacement Cabinet Immobilier, in Strasbourg. “Prices went down, down, down until 2013,” Ms. Schenck said. “But now it’s getting stable again.”
Frankfurt and Brussels are emerging as tempting alternatives to London as European financial hubs in part because they have cheaper accommodation costs than Paris.
Britons with a pied-à-terre in Paris are due to be hit with hefty new taxes as the Socialist-run city hall takes steps to try to resolve the city's chronic housing shortage.
The city council wants to stop foreign owners leaving their apartments empty for much of the year and hopes to coerce them into selling them off or putting them on the market for long-term rental.
In 2015, Provence, which includes the Côte d’Azur, was the most popular French region among international buyers, accounting for 22 percent of all sales, according to the website French-Property.com. At the same time, the British real estate company Knight Frank reported that residential sales across France had increased 12.5 percent from 2014 to 2015 and the company welcomed a more stable economic outlook, which was reflected in the doubling of its own sales.
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