French property price reduction

There has never been a more opportune time to seal a property bargain on the French Riviera as now...

With price reductions of up to 25 % it is hard to fathom how property prices rose in the area by 9 % last year – a stark contrast to recent UK trends. So where have these bargains risen from. The fact is many British investors have decided to cash in on the exchange rate and have knocked down their asking price.

This has opened a window of opportunity for anyone in the UK that is able to downsize and free up some cash. They can now buy a dream property that only two years ago would have been unaffordable. Near La Garde-Freinet in the Var, Winkworth is selling a four-bedroom stone cottage with 10 acres of woodland for �649,000, down 20 per cent on the original price.

For those thinking of easy commuting, VEF is selling a renovated four-bedroom cottage with indoor pool in Hesdin, 75 minutes from Calais, down �74,000 to �354,600. “British vendors are moving elsewhere in France and hoping to encourage visits by benefiting from the buyers’ market,” says VEF’s Daniel Maskell.