What Percentage of French people plan on buying this year? How does this affect you?

If you are planning on buying French real estate it is important to know the market trends. If the local French people are buying you will be competing for purchases and have to pay perhaps premium prices for French property.

The Good News for you

According to a Ifop report, less than five percent of French people plan on investing in real estate within the next 6 months.

Only 7 percent see themselves investing in French real estate within the next year.

15 percent see themselves investing in French real estate within the next two years.

In contrast, 73 percent do not see themselves buying French real estate within the next 2 years.

For 72 percent of the French, this lack of desire to invest is due to their vision of the current economic situation in France, 17 percent would like to buy but they cannot afford a loan to buy real estate 11 percent claim there is a lack of government incentive to buy.

Opportunity Knocks!

If you do have the money to buy right now get in contact with a local English speaking French real estate agent so you can learn rapidly where the best buys are in the market.

Once you find an owner who knows there are not many buyers around then you can make your great French real estate purchase before the locals re enter the market. Contact us for guidance to an English speaking French real estate agent.

Read the original article in French here