The recent boom in the real estate market has prompted many foreigners to invest in the property market in France. The property laws in this country are less complicated and it is also easy to get finance. But the most critical factor that has attracted the eyes of property seekers is the massive number of amazing plots and houses, which are listed on the market. No matter what you are looking for, the chances are high that you will find your dream property in the picaresque French setting.
Paris: The center of all activities
Till 2016, the real estate market in Paris was booming. Local, as well as foreigners, were taking part in the purchase and sale of premium properties. The mortgage rate was comparatively low, and this was another reason that roped in a large number of buyers.
Most people, looking for an opulent modern apartment or a vineyard surrounded spacious mansion tries to book one that is located in and around Paris. The historical, artistic, political and cultural importance of the city plays a vital role in keeping the real estate prices high. So, if you invest in a property today, it will rope in a fat return shortly.
In the past years, around 90% people have rented or purchased any real estate property in and around Paris, all with financial credit from the banks. These activities keep the real estate market buzzing. The property developers predict that it will demand will remain high in 2018 as well.
Real estate trends in other parts of France
Though Paris has a healthy real estate market, the same is not true for the other cities in France. Due to the massive demand for flats in Paris, there has been a price hike of 7.7%. It has taken a negative toll on the real estate prices in other parts, which have seen an increase of only 1.5%. Even then, predictions for cities like Rennes, Montpellier, Nantes, and Bordeaux can expect to see a good response in 2018.
Now we need to wait and see how things pan out. There will always be a demand for premium land and homes in France. All it needs is marketing and flexible financing patterns.