Rory Ramsden – Luxury French Property Finder & Buyer's Agent in south west France
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France’s second home market is booming

In Jackson Hole, Wyoming—an established premium resort destination—the brokerage community is reporting significantly increased sales velocities this year, following a 20 percent rise in transactions in 2010. Further north in Big Sky, Montana, the super-premium Yellowstone Club posted more than $100 million in sales after new ownership brought new capital, new management, and much-needed stability to the resort. And in the mountains of North Carolina, real estate brokers are gearing up for an active summer following a relatively quiet 2010.

Key Takeaways:

  • The second home market is booming, with a dynamic west coast, and increasingly-young owners happy to rent to holidaymakers, according to a new report.
  • This positive movement, the 10-page report says, has been helped by the currently low tax levels and still-attractive prices, and the market has proven itself as remarkably resilient
  • Similarly, the report explained that extra estate agent taxes and the wider wealth tax (known in French as l’impôt de solidarité sur la fortune, or ISF) – which owners risk qualifying for

“A new study from the legal advice group Notaires de L’Ouest, published this spring, has shown the country’s second home market to be dynamic and growing, and entirely recovered from the problems faced after the 2008 financial crisis.”

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About the Author Rory

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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