Jul 29 2009

Limousin Properties: A Good Time To Buy?

Are you looking to buy a property: Poitou Charentes Property?

We believe the time is right. But, of course, we would promote that!

What areas of France to look at? Check out: We like the Poitou Charentes – good value property, a fabulous micro-climate, gently rolling landscapes inland and sandy beaches on the coast. Poitou-Charentes is a region located on the Atlantic coast – located midway between the North and South of the country. Western Loire and Centre is on the north border; to the East – Limousin and on the southern border Aquitaine. There are four departments: Charente, Charente-Maritime, Deux-Sevres, and Vienne. The regional capital is Poitiers. More: Poitou Charentes Properties

The Limousin in central France is rural with lovely summers. There are many market towns, rivers and lakes to enjoy. The pace of life is slow and you can unwind and relax in this atmosphere. Property prices are very attractive too! More: Limousin Properties for Sale

There are however, three main reasons behind our thinking. There has plenty of encouraging comments in the French Property News media. Timing and Location, Location, Location are prime issues when buying a French Property. We examine the French Property market and give reasons why you should be buying now.

First, there are real signs of the recession bottoming out, and those well publicised “green shoots” appearing. French property prices have weathered the recession well and the French are buying again.

Second, the pound sterling has recovered against the euro and forecasts suggest that pound sterling may move within the 1.20 to 1.30 euro range to the pound within a short time frame. This makes French property cheaper to sterling buyers. Similarly. other currencies have strengthened against the euro and other foreign buyers will be attracted to the French property market.

Third, President Sarkozy is introducing tax measures that residents can offset 25% of the cost of buying a residential property against their personal income tax, up to a maximum of €75,000 on a €300,000 property. In addition, laws introduced by Sarkozy, which support broader home ownership, have been a major driver. From the beginning of 2009, France has offered certain homeowners zero-interest loans of up to €30,000. All of these measures will push demand and prices will rise as a result.

Choose a region of France that appeals to you, and look for the many bargains that are around.

Looking for help to buy a property in France? 1st for French Property can help you with their wide experience.

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