It’s a buyer’s market for French property at the moment

The conditions are ripe for all those involved with realty business or planning to buy property in France right now with the falling rates of interest charged by banks. French Connections, a leading letting specialist, recently conducted a survey on its site asking questions from advertisers on the website about vacationers who come to France. The answers from these property owners were quite reassuring regarding the length of the holiday season in France over a period of more than three years.

Nearly 30% of property owners said that they let their property for 5-6 months in a year while 15% of the owners reported letting their property for 8-10 months. Most of the property owners said that tourists occupy their properties during summers, spring, and autumn that accounts for a time period more than 5 and less than 10 months in a year. There is another peak for these property owners around Christmas and New Year eve.

While those who were new property owners said that they experienced increase of 100% in letting, the rest saw no change in the letting or length of letting with those experiencing down trend negating those who experienced an upward trend. The majority of owners said that they received families during the peak summer season while they encountered couples and groups outside the busy summer season. Many couples are old while some arrive in France with small babies.

Many people think that France is a destination for old people but the fact that most of the tourists arriving in this country are between 30 and 50 years of age belies this myth. Many property owners reported hosting guests under the age of 30. Britons form the largest group of the visitors and they visit France several times exploring a new area on every visit. This fact reflects variety for visitors available in France.