There is something about a typically ancient and pretty French village that really appeals to British people buying in France – and other would be expats. It is easy to conjure up a picture in one’s mind of cobbled streets, pretty half-timbered buildings, pavement cafes, hanging baskets, quirky shops and people generally relaxing in the sunshine. This picture represents many villages in France and so many of us yearn to be a part of this. We moved to a small village in the south of France almost seven years ago now – and have never looked back. We are part of the community and find that everyo
Many holiday home buyers factor into their calculations the likely income from renting out the property when they’re not using it, but are not aware that you need the correct licence to do so. That’s an increasingly dangerous game in Spain, as local authorities – in an effort to protect hotels and other official tourist accommodation providers – go to war against private individuals offering holiday rental.
How much should you offer below the asking price? It’s often the most tense and emotional part of a negotiation. You don’t want to offend the vendor, but money is money and why pay over the odds? How much less do most sellers have to accept in Spain anyway?
We hear a lot about the glut of Spanish homes following overbuilding in the 2000s, but in the Balearics they have the opposite problem – so few available that holiday employees arriving for the season are struggling to find accommodation, while prices are rising steadily.
With a reputed one million Chinese millionaires looking for somewhere to spend their cash, it’s no wonder that the most desirable properties in the world are finding new Chinese owners. And where does your average Ultra High Net Worth Individual (UHNWI) want to be? Paris and the South of France of course – much like the rest of us.
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