According to the Notaires de France, French buyers have woken up to the fact that prices generally won't go on falling for ever. The bottom has been reached. Overall sales were up 15%. This represents the highest number of transactions since 2008.
The trend is likely to continue in 2017 with prices rising up to 2.7%.
For foreign investors, the exchange rate is key. After the Brexit vote, British buyers ceased activity in the market almost immediately only to be replaced by others coming from the USA and elsewhere in the world.But that does not explain why Bordeaux has exceeded all expectations.
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Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.
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