Wednesday, April 23, 2014

Winners and Losers of the French Market Euro 2016

Winners and Losers of the French Market Euro 2016

The European Championship will toss a spotlight on the host cities staging the competition s football matches. However, are they all locations that Brits would want to call home?

In June and July 2 dozen football teams consisting of the England, Wales and Northern Ireland squads will contend for a place in the final of the European Football Championship in France.

The matches will start at various stadiums across France from Marseilles in the south to Lille in the north, an orgy of football that’s set to put the spotlight on areas of France that will be familiar and not so familiar to the checking out British fans (we have not included Saint-Etienne below as it is not a huge area on the radar of British property hunters, as beautiful as the Loire town is).

France is more than simply a host for Euro 2016. It’s likewise the second most popular place to own a property amongst the British, after Spain. So as you cheer your country on, here’s our overview of the most popular places to own or buy property near the stadiums.

Toulouse, Midi Pyrenees

Toulouse is a working industrial city with an appealing, little central traveler zone and an airport offering routine air travels to and from Cardiff, Edinburgh, Bristol, Heathrow, Gatwick and Manchester. A lot of Britons only go through on their method to the countryside to the north, in certain the Tarn and Tarn-et-Garonne, as well as parts of the Aveyron.

These areas are especially popular amongst British retirees because of the rural idyll of peaceful, hedge-rimmed roads and sleepy towns. Property stays affordable and, although the Midi-Pyrenees is a hotspot for Brits, it’s still very French.

Terraced properties within towns or villages can be bought for under 80,000 while big removed duration nation maisons go for in between 200,000 and 300,000. The Tarn and Tarn-et-Garonne departments are huge, so costs differ hugely depending upon how close a property is to the airport and regional stores, or its size and age.

Lately, we’ve seen a great deal of Britons buying in the area who operate in London however who wish to come here and have a house to invest the weekends, says Francois-Xavier de Vial of HomeHunts.com. A great deal of our customers purchase around Albi in the Tarn and in certain the hilltop town of Cordes sur Ciel, north-west of Albi.

Marseilles, South of France.

This summer season football fans may discover themselves walking around the city s piece de resistance, specifically its restaurant-lined quayside, prior to the match. Lots of will know that Marseilles was the birth place (50 years ago this month) of Eric Cantona, the previous Manchester United star.

The quayside dining establishments serve the city s popular bouillabaisse fish stew but, while numerous abundant Parisians frequently fly down to Marseilles to dine in them, the city s track record as a rough-and-ready transit port has actually made it traditionally a no-no for a lot of worldwide buyers.

We only sell 2nd houses inside Marseilles to French people because of its reputation for criminal offense, a reputation I wear t think it is worthy of, states Nicole Cook of Leggett Immobilier.

Instead, the British tend to buy in the resort towns to the east of Marseilles, such as La Ciotat, Saint Cyr-sur-Mere and Hy res.

What most Brits I discover want to buy is a house on the coast with a sea view within an hour of either Marseilles or Nice airport, says Cook. They come here because it’s much cheaper than Cannes, Nice or Saint-Tropez where prices are double, if not triple, those here.

On the coast, Hy res is the most inexpensive and provides homes for in between 100,000 and 200,000, while big flats and townhouses begin at 250,000. Small villas outside the center start at 350,000. If you want a country home near Marseilles then the area around Aix-en-Provence north of the city is hugely popular with the British.

Aix remains more appealing than Marseilles because it’s got a lot of vacation homes in the area of the city, so as much as 20 to 40 minutes away, states Francois-Xavier de Vial of HomeHunts. com. This includes homes within the southern Luberon which is the most popular areas with Brits, especially around Cucuron.

Bordeaux, South West France.

Bordeaux used to be the city that Brits flew into prior to driving off to their 2nd homes in the Charente and Dordogne. That s all altered since Alain Jupp, the former French prime minister, ended up being the city s mayor and started turning things around. This has included a huge remodeling task within its historic heart with 10s of millions of euros invested in its quayside. Flights to the city from the UK have actually also improved in frequency.

One outcome of this is that people are buying flats in central Bordeaux once again. The city is now a miniature Paris following the restorations and now has amazing restaurants, historic buildings and new tramway. It’s an amazing place to be now, states regional agent Jane Vernon of Leggett Immobilier.

She states that 20 percent of her British client’s desire property within the city while 80 percent want to buy properties up to an hour away in the countryside. Vernon covers an area south of the city that, unlike the Charente and Dordogne to the west, is reasonably undiscovered by British buyers.

My spot includes the towns along the Garonne river out as far as Marmande, which is in the Lot-et-Garonne, she states. Bazas to the west of Marmande is popular with Brits and is on the Saint- Jacques de Compostelle trip path. Neighboring Casteljaloux is on individual’s radar too nowadays too.

Paris, Ile de France.

The majority of British people developing a life in Paris make for Saint-Germain-en-Laye, although oft en you might require a footballer s wage to buy there. Nonetheless, Paris has the highest variety of British residents anywhere in France, according to federal government figures.

The majority of British residents reside in the western suburbs where there’s an international lyc e, states JelenaCvjetkovic from Savills. Saint-Germain-en-Laye is truly a clutch of nearby areas popular with British families, while people who purchase for occasional use or investment appearance in the central arrondissements.

The most heavily British areas include Croissy-sur-Seine where you’ll find the British School of Paris Le V sinet and also Le Pecq, which straddles both sides of the river. Further downstream however still in Saint-Germain-en-Laye is Maisons-Laffitte, which is likewise a hotspot.

Some Brits live in Rueil-Malmaison north of Saint-Germain-en-Laye because it’s close to La Defense, the city’s financial quarter, where a great deal of them work, states Patrick Joseph of my-french-house. com.

Nice, South of France.

Good has had a facelift recently consisting of an extension to its Promenade des Anglais and it stays a magnet for British vacationer and home purchasers. In the past, visitors consisted of Queen Victoria, while today well-known faces consist of Sir Elton John, who has a home in the hills above Nice.

Despite its reputation for wealth and star it is relatively inexpensive by COte d’Azur requirements because it’s a big city rather than a resort. Cost effective properties near the center are generally houses and include one-bedroom flats for in between 125,000 and 250,000, while two-bedroom flats begin at 265,000 and increase to 400,000 and beyond.

Good also has its fair share of luxury. For upscale British buyers who want to be in town, or in the more noble area of Cimiez even more back on a hill and with a sea view, there’s a flat for sale in Cimiez for 1.16 m in the same structure that Queen Victoria used to remain in, states Alex Balkin, who works for Savills, the agent. Otherwise, there are a lot of apartments for sale on the primary thoroughfares of the Quartier des Musiciens.

If you hanker after a main rental property, then it would help to be a Premier League footballer. The Mont Boron quarter of the town, where the big rental properties with sea views are to be discovered, has properties like that for in between 2m and 10m, states Balkin.

Lyon, South East France.

Lyon is one of those cities that is having its moment in the sun. The city has been praised for its revived gastronomic and cultural thrills, is undergoing a financial rebirth and is a host city for the Uefa tournament at its recently completed 450m arena.

This has given its property market an increase over the past years and it was recently named the No 2 French city for foreign house investment.

It has among France s lowest joblessness rates and is ranked as the sixth highest-earning area in Europe, beaten in the UK just by London. Property prices in one of the many new-build apartment or condo obstructs in the city stay affordable, with between 125,000 and 200,000 buying a oneor two-bedroom apartment or condo.

Lille/Lens, Northern France.

Both of these northern cities are hardworking and relatively unglamorous cities of limited interest to British purchasers who are more likely to go by them on their way south.

The nearest second-home hotspot in the area is the seaside resort of Le Touquet in Pas-de-Calais, which is about two hours by car from Lille and an hour and a half from Lens. It’s a popular resort among affluent Parisians who help to keep property prices high.

Apartment or condos with sea views opt for in between 300,000 and 400,000, while houses outside the town start at 450,000 and rise to 800,000 for the bigger, more upmarket properties.

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