Still bargains to be found...
You know I love the Languedoc and as the sun is shining today on a beautiful Spring afternoon (21 degrees) I feel that I should share with you the good news about property prices in Languedoc.
It is true that property prices have indeed risen sharply over recent years (50% in the last 5 years) but they are by no means out of the reach of northern Europeans given the domestic property markets in these countries. There really are still bargains to be found, it just may take a bit longer to find them. But this is where property website Creme-de-Languedoc comes in.
With so much quality content all about the region and some excellent advice about all aspects of buying in France, this should be the first stop for any serious property hunters. The listings are well presented and will ensure that you can make an informed choice before committing to make the journey south to visit any potential properties. How many times have you come across a property website that offers two grotty pictures and a brief description? Well this site is in a league of its own.
But back to the bargains...
I speak from experience. I recently bought a very tired old maison de village in the delightful village of Cazedarnes. Basically the house was a ruin. A leaking roof, full of the previous owners belongings and in need of some serious TLC. But it had bags of potential and was large with just over 150 meters squared. I paid 27,000 euros for the property 18 months ago now. The plan was to renovate it entirely - but my new business took off and I just could not take on another renovation project of this scale and manage the work-load of the business as well. So sadly I put it on the market in its current state having got the roof repaired - I was expecting a long wait to sell and did not want the house to deteriorate any further.
Some 3 months later we have signed the compromise de vente and I have made a tidy profit selling for 69,000 euros (inc. agent's fees), more than double what I paid for. This will be subject to CGT (capital gain tax) but still a nice return.
Now OK - finding another house like this at that great price will be very difficult (given I sold to a local family at the market rate) but there is still room for profit, especially if you are willing to take on a renovation project. If you can see through the cobwebs to the potential finished product - then you are already ahead of the game. If you choose your village carefully and understand what can be done and how best to breath life back into these fabulous old houses, you will be well on your way.
As Louise Hurren writes 'property prices in Languedoc Roussillon, south France are still pretty accessible, and getting here is a doddle. Buying a home in the Languedoc is still considered to be a sound investment. There is a good variety of property types, locations and price points.' If you want to read lots more advice from Louise then click here.
So what are you waiting for... even if you don't find your dream house you will enjoy the fun of the hunt.
It is true that property prices have indeed risen sharply over recent years (50% in the last 5 years) but they are by no means out of the reach of northern Europeans given the domestic property markets in these countries. There really are still bargains to be found, it just may take a bit longer to find them. But this is where property website Creme-de-Languedoc comes in.
With so much quality content all about the region and some excellent advice about all aspects of buying in France, this should be the first stop for any serious property hunters. The listings are well presented and will ensure that you can make an informed choice before committing to make the journey south to visit any potential properties. How many times have you come across a property website that offers two grotty pictures and a brief description? Well this site is in a league of its own.
But back to the bargains...I speak from experience. I recently bought a very tired old maison de village in the delightful village of Cazedarnes. Basically the house was a ruin. A leaking roof, full of the previous owners belongings and in need of some serious TLC. But it had bags of potential and was large with just over 150 meters squared. I paid 27,000 euros for the property 18 months ago now. The plan was to renovate it entirely - but my new business took off and I just could not take on another renovation project of this scale and manage the work-load of the business as well. So sadly I put it on the market in its current state having got the roof repaired - I was expecting a long wait to sell and did not want the house to deteriorate any further.
Some 3 months later we have signed the compromise de vente and I have made a tidy profit selling for 69,000 euros (inc. agent's fees), more than double what I paid for. This will be subject to CGT (capital gain tax) but still a nice return.
Now OK - finding another house like this at that great price will be very difficult (given I sold to a local family at the market rate) but there is still room for profit, especially if you are willing to take on a renovation project. If you can see through the cobwebs to the potential finished product - then you are already ahead of the game. If you choose your village carefully and understand what can be done and how best to breath life back into these fabulous old houses, you will be well on your way.
As Louise Hurren writes 'property prices in Languedoc Roussillon, south France are still pretty accessible, and getting here is a doddle. Buying a home in the Languedoc is still considered to be a sound investment. There is a good variety of property types, locations and price points.' If you want to read lots more advice from Louise then click here.
So what are you waiting for... even if you don't find your dream house you will enjoy the fun of the hunt.
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