The French real estate market – opening
France went into the second phase of the “de-limitation process” this week, which means some really big changes. These changes include the opening of beaches, hotels, bars, cafes, restaurants, theaters, museums, gyms and more. We can now travel through the country without restrictions. This is wonderful news for France and the French real estate market, as life can gradually move towards normalcy.
France also plans to reopen borders with other European nations, including Britain from June 15th. This will be done in line with other EU countries, so there will likely be a collective announcement very soon. The international borders outside of Europe remain closed for the time being, but this will be checked continuously in the coming weeks.
The next steps for the French real estate market
“This is really wonderful news. We were looking forward to moving on to the next phase,” said Tim Swannie of Home Hunts. “We have many customers who are patiently waiting for confirmation that they can travel. There have been many positive results.” and excited feedback from customers since this message was released last week. “
The French real estate market has managed to stay pretty busy in this strange time. Real estate visits were not possible, but requests for home hunts only decreased by 12-15% compared to the same period last year. “Inquiries have increased significantly in recent weeks, especially from European and UK buyers. It really seems like we are having a busy summer,” said Swannie. “We made some sales during the block, mostly with customers.” Some who saw before delivery agreed to buy based on virtual visits. Travel restrictions within France were relaxed on May 11th, so we’ve been dealing with local requests ever since. However, it is great to be able to welcome our customers from neighboring countries as of this month. “
Home Hunts are buyer agents in France, Monaco and Switzerland. You have a team of over 30 real estate specialists. The past few months have been a little strange, but it has also been a productive time in many ways, customers have become more available and while some customers have paused their search for the time being, there have been more positive than negative answers. Tim continued: “Many customers have said that they have had time to reflect on their priorities during this forced closure and it has made them even more determined to push ahead with their plans to buy their new home. We look forward to welcoming our customers in the coming weeks. We will take all necessary arrangements for visits. “
Unlike some other countries, the French real estate market is not a boom-and-bust market, it remained robust after the 2008-2009 crash, and it looks like it should weather the corona virus storm as well. “It looks like the French real estate market will certainly recover in the summer and we are cautiously optimistic about the medium to long term future,” added Swannie
If you are interested in French Property, visit the Home Hunts website or contact us to discuss your plans or to discuss the latest news for France. We’re here to help.
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