September is the Perfect Month for House Hunting
Originally posted on & updated on 26th October, 2024
This September is shaping up to be one of the busiest months in years for the French property market, especially for British buyers eager to take advantage of favourable conditions. With reduced house prices, appealing mortgage deals, and a stronger pound against the euro, the timing couldn’t be better for buyers and investors looking to purchase property in France.
The Ideal Time for House Hunting in France
Early autumn has traditionally been a high-activity period for the French real estate market. After the summer tourist rush, roads and towns are quieter, hotel prices are more affordable, and the weather remains pleasantly mild. For property seekers, this season is ideal for exploring homes without peak season’s high traffic and prices, making it easier to connect with local agents and take more time with viewings.
This September offers something more: a unique mix of improved exchange rates and a larger inventory of available properties. This broader selection gives buyers more variety, from charming rural cottages and coastal villas to urban apartments in bustling city centres. As supply has been rising, property values have remained relatively stable or, in some cases, reduced compared to recent years, creating an opportune environment for investment.
Market Dynamics: The Impact of Currency and Pricing
In recent months, the exchange rate between the British pound and the euro has become more favourable for British buyers, effectively increasing their purchasing power in France. This improvement could save buyers thousands of pounds on mid-to-high-end properties, making this September particularly attractive for those looking to make a significant investment. Even with modest price increases on the horizon, the current market remains accessible and favourable.
French property prices have been generally stable, with some regional differences. While prices in Paris and other metropolitan areas have shown some resilience, many rural and suburban areas are still priced attractively low. However, there are indications that this trend may not last, with forecasts suggesting moderate price rises as demand picks up. For buyers, especially those looking to purchase in regions popular with tourists and expatriates, acting now might help them avoid potential increases in 2024.
French Regions to Watch
France offers a wide range of property options, here are some popular regions where overseas buyers are actively searching:
Provence and the Côte d’Azur
Known for its Mediterranean charm, coastal landscapes, and sunny climate, this area remains a favourite for vacation homes. Reduced prices and a more comprehensive property selection have opened up more opportunities for buyers here.
Dordogne in Nouvelle-Aquitaine
These regions are prized for their countryside beauty, historic villages, and slower pace of life. Both have been popular among British expatriates, and many affordable properties are available this September.
Occitanie in southwest France
With diverse landscapes from the Pyrenees mountains to the Mediterranean coast, Occitanie attracts buyers looking for coastal properties and picturesque inland retreats. It also tends to be more affordable than Provence and the Côte d’Azur.
Normandy and Brittany
For those who prefer proximity to the UK, Normandy and Brittany offer a charming rural lifestyle with easy access to the Channel ferries. These areas have experienced price stability and are becoming increasingly popular among buyers looking for second homes or relocation options.
Why Act Now?
While France currently offers favourable conditions, some industry experts anticipate a slight rise in property prices toward the end of the year as demand grows. Additionally, although presently low, interest rates are projected to increase gradually in the coming years. For future buyers, September presents a unique window where favourable currency rates, appealing mortgage options, and a more extensive selection of properties align to create an excellent opportunity.
In summary, September provides the perfect mix of factors for buyers and investors in the French property market. The mild weather and an expanded property inventory make this an optimal time to find and invest in a dream property in France. Whether looking for a vacation home, an investment property, or a future retirement retreat, International buyers may find this autumn offers a rare and compelling chance to take advantage of market conditions before they shift.
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