Holiday home rental return
and property management cannot
happen until you have acquired your Charente holiday let. So,
is summer time the right time to french property hunt?
The French holiday let or La Charente second home purchase sector
experiences a wealth of people during the summer season. From
buy-to-let investors looking for a low purchase high
yielding gîte during the mid and high seasons to second home
purchasers wishing to develop an old French property as a long-term personal
investment, the French property sector becomes a competitive
marketplace.
French Property – Market Competition
Naturally, competition for French buy-to-let property does not
only come from the UK holiday property hunters, but also from French city
dwellers and other European countries which border onto France together with
non-European countries. Strong demand in desirable locations may
push prices higher during the summer period as property agents and private
sellers seek to secure the best price possible for their sale.
If you are considering a French property purchase during the
summer holidays, then try to carry out some initial French property research
prior to the high summer season. It may be advantages to go direct
to a seller than through an estate agent in order to negotiate a favourable
purchase price. Search on the Internet for ‘biens a vendre’ in your
desired French location which will reveal many properties of which you may not
be aware. Whilst property hunting in France, look for the
traditional private seller sign – a capital ‘A’ joined to the side of a capital
‘V’ meaning ‘A Vendre’ – For Sale – and showing a telephone
number. If you are in our service area and you do not feel that your
French is good enough to speak to your prospective seller, then contact
us.
If you decide to use a French immobilier – an estate agent –
through whom you find your ‘Coup de Coeur’ buy-to-let gîte, then try to
re-negotiate the agent’s commission or suggest that the commission is shared
with your seller. It has not been uncommon to find sellers paying
agents’ commission instead of the purchaser.
Undertaking a property survey and appointing a surveyor may appear
unusual in France. However, it is prudent to appoint a surveyor to
ensure that your property purchase is free from costly defects which may
transpire into a loss on your property investment. As most surveyors
would agree, the best time to view a property is in the cold wet rainy weather
when the extent of a property’s problems may become apparent.
Discovering old French properties for sale and being struck with
‘Coup de Coeur’ whilst on holiday against the background of fine French wine, a
never-ending selection of French cheese and a sense of ‘La Vie en Rose’ may
quickly turn to a French property nightmare. Therefore,
be prepared to reject a property if it is economically beyond budget or
requires costly repairs or maintenance – another French gîte purchase awaits.
Happy French property hunting!
Call us on 020
8133 8896
Address:- GA
PDM, 28
Jews Walk, London, SE26 6PL, UK
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