Holiday Property in France

Ten years ago, 80% of our buying clients were purchasing holiday property in France. Now, 80% are moving here permanently, either immediately or in the near future. The regional areas covered by Papillon Properties are still popular with holiday home buyers. In order to evaluate both the attractions and potential pitfalls of buying a holiday property in south-west France, we need to discuss a number of related questions.

· How do the prices compare with other regions and other European countries?
· Can a holiday property in France be an ‘investment’?
· What are the most popular holiday property hotspots?
· What is the ideal location to buy in?

The Poitou Charentes and Limousin areas are some of the cheapest in rural France. There is, naturally, a premium to pay for coastal homes or for property closer to the popular Dordogne. However, it is still possible to purchase a fully renovated three bed roomed cottage for less than 150,000 euros, or one requiring minor cosmetic work at 120,000. Both the weather and the prices compare favourably with Brittany, Normandy and the Loire Valley. Poitou Charentes is, officially, the second sunniest region, behind the Cote d’Azur. It is true that holiday homes can be found at far cheaper prices in Turkey and a host of former ‘Eastern block’ countries, but the buying process and ownership laws in many of these places are fraught with problems unheard of in France and the political instability must call into question the future security of a property purchase.

Many people rent out their holiday home to friends and family, or to strangers. Rental income can help offset the costs of owning a second home. However, in rural France the idea of buying as an ‘investment’ is a dangerous term. Property prices are not currently rising over here, unlike in the UK, and unless you hold on to the property for at least 15 years, you will be subject to Capital Gains Tax when you re-sell. Purchasing a holiday home over here should be seen as a life choice rather than a money-making scheme.

The Charente Maritime is always popular with both French and foreign buyers. With miles of unspoilt sandy beaches, the chic Ile de Ré and the beautiful port of La Rochelle, prices rise steeply within half an hour of the coast. Further inland, areas close to lakes (often with man-made beaches) are sought after, as is the Deux-Sèvres department which offers excellent value for money. The Dordogne is perennially popular.

In terms of ideal location, it is entirely subjective. Some people prefer small riverside towns with plenty of facilities (summer lido, bars and restaurants etc.). Others are looking for rural retreats. Different house hunters and holiday makers have opposing ideas of what makes for the ideal holiday base. For young families, access to water (pool, lake, sea etc.) is important during the hot summer months. For some older couples, historic towns to explore and pavement café culture top the list. Access to international airports and ferry ports is more important. For most people, outside space is an important criterion, but do you really want an acre of jungle to tackle each time you visit?

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