The French real estate market has been relatively quiet for a while now. Foreign investors have left France over the last few years but in recent months the French real estate market has regained activity.
According to the agents in our ESREA France network the percentage of Americans investing in French real estate is definitely up right now year over year.
Hilary Larkin writes: “from having no US clients 3 years ago I am getting a lot of inquries mainly for Cannes and Nice, including a New York Professional looking for an investment for holiday rentals and a Californian family looking for a very well positioned apartment close to the Croisette in Cannes.”
William McIntosh, a specialist in Saint Tropez says “the number of Americans looking this year in Saint Tropez has increased over last year most likely due to the stronger dollar and better weather. There are fantastic deals to be had since it is still a buyers market”.
Marie Dahl Kell is one of the ESREA France agents in Paris. Marie tells us that in Paris “the main arrondissements where affluent foreigners like to buy have only generally increased their value during the global recession”.
Freddy Rueda, an English speaking French real estate agent in Beziers has seen an increase in American clientele. About ten percent of his buyers are now American.
Chitra Pullen who focuses on Narbonne writes “since the beginning of the year we are getting 2 to 3 enquiries from Americans per month. Last year, we hardly had any enquiries”.
Peter Elias who works in Bergerac tells us he has an American client from close to New York who just purchased. Another client who is a solicitor in California is keen to buy a property in Dordogne.
We sense these American clients are the early adaptors who are taking advantage of the strength of the US dollar.
In time English speaking French real estate agents will see more people coming from America but these people who arrive later may have missed out on the great purchases currently available in one of the prettiest countries in the world, France.
If you are seeking an English speaking French real estate agent you have found the right place contact us to find an agent in your area of choice.