How buoyant is the French house market?
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Santiago
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Your IFA is right. A rural property, rented out to seasonal visitors, in the Ariege is not a very attractive financial investment. Maybe in or close to Mirepoix there are opportunities but the rest of the department is remote, underpopulated and far from airports and fast trains.
Gite businesses have taken a big hit recently with competition from unregulated lets on Air BnB, cheap holiday deals in Greece, Portugal and Spain as well as in South Eastern Europe.
Property prices in rural France don't naturally go up.
It's a great opportunity to come and live in a beautiful, peaceful, quiet area but not one for making money. You'd be better investing in a small flat in a British city or one of the financial centres of Europe likely to take business from London after Brexit.
Gite businesses have taken a big hit recently with competition from unregulated lets on Air BnB, cheap holiday deals in Greece, Portugal and Spain as well as in South Eastern Europe.
Property prices in rural France don't naturally go up.
It's a great opportunity to come and live in a beautiful, peaceful, quiet area but not one for making money. You'd be better investing in a small flat in a British city or one of the financial centres of Europe likely to take business from London after Brexit.
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