Buy To Let Booming

A recent study by Savills research shows that the purchase prices of homes in France have risen by an average of 19% a year over the past decade.

The study also revealed that prospective buyers were on an average budget of £252,000 in France - still a reasonable amount when measured against the average weekly rental rate in France of £945. 

Inflation was highest in the Rhone-Alpes region where the average increase in home price was 18.3% per annum. Elsewhere in France yearly inflation rates of 11.4% and 17.8% have been found.

As property values continue to rise, second home buyers across the Channel are getting good returns on their investments; so it’s no surprise that 47% of those surveyed stated France or Spain as their first choice countries when considering where to purchase a second home or investment property.

This follows news that many second home owners are missing out on thousands of pounds by leaving their holiday homes unoccupied for most of the year. According to research by MRI Overseas Property, 29% of current overseas property owners only visit their homes twice a year.Of course, those buying French leaseback properties have no such issues as their properties are rented out 100% of the time.

With interest rates in the UK currently on the rise increasing numbers of buy-to-let landlords are looking further a field for a better return on their investment.