Economic growth boosts investor confidence and surge in French property buyers
According to the national statistics agency, (INSEE) France’s economy expanded 0.5% during Q2 2013, pulling out of a shallow recession to post its strongest quarterly growth since early 2011.
This positive economic growth has translated into the nation’s property market as an enviable combination of relative price stability and readily available mortgage finance (unlike in the UK) makes French property an attractive proposition for investors who are focussed on return as well as lifestyle.
- France’s economy grew 0.5% in Q2 2013 (INSEE )
- Foreign investors made up 37% of all investments in France H1 2013 (INSEE)
- France’s first gay active living village reports enquiry surge in first few weeks of launching
Foreign investors made up 37% of the volume invested in France throughout H1 2013 report INSEE, confirming their continued appetite for the French market.
Danny Silver, Founding Partner of The Villages Group Rainbow, France’s first gay active living village nestled in the heart of the South Westerly region of Languedoc comments,
“Here at The Villages Group Rainbow we have experienced an overwhelming number of enquiries from across the globe since launching the new project just a few weeks ago with over 10,000 hits on the website – a significant increase in demand compared to last year.
“The overall improvement of the French economy is great news for us here at The Villages, boosting property investor confidence and bringing with it a positive outlook for H2 2013 and beyond.”
Indeed, in addition to investors and second home buyers, France is once again becoming a relocation destination due to low interest rates, easy access from the UK, better weather and quality of life.
One previously marginalised group in particular, the LGBT community, has tapped into the joie de vivre and increasing accepting attitudes towards the “gay and grey” available in France with buyers keen to snap up one of the one level, eco-friendly villas at the new The Villages Group – Rainbow development.
The Villages Group –Rainbow will comprise 107 such villas with full 24-7 hotel concierge services located on the banks of the Canal du Midi in South West France. With active living foremost in mind, the range of on-site amenities includes tennis courts, indoor pool, gymnasium and quality entertainment and cultural programmes.
For more information please contact The Villages Group Rainbow on + 33 1 4007 8625, email villages@pdfparis.com or visit www.thevillagesgroup.com/rainbow.