So you have just had a dig about my so called 'hysterics' and you are n ow saying that Frenchies comment is 'laughable' . Here you go again...
I have friends who live in the Tarn whose house is still not sold after eight years, the value has fallen 50%, nothing to do with Brexit. Look on the bright side it means I will be able to pick up a second home quite cheaply. You need to blame the lousy French government for a failing economy and you should have been advised that the French prefer to live in crappy crepi houses in towns.
Not as simple as that, I am being realistic about the value, no one wants ot buy a house in rural France now, particularly the ones Brits buy up.. Only chance is to sell it for half its value to a dodgy opportunist who benefits from others hard times. But I am not selling ... unlike others who are completely stuck. Do you have any sense or concern for the human factor?
So actually not typical of your average 21C Brit then? As Farage like you has significant off shore personal wealth? Whilst purporting to care for the working man....
It is quite surprising, but the agents are reporting in this area that since the referendum there has been a surge in Brits looking to buy property here. Maybe they can see what is coming.
Looking online re: french property post Brexit there is no mention of huge falls in values. If you have been reliably informed your house's value has been reduced by half there must be local peculiar reasons, unless you are being taken advantage of?
I also have friends selling their French house near Carcassonne, The selling price advised by the agent is no different to that quoted at the start of the year.
I am sorry but that is not correct. Values have tumbled in Limousin. One example: My friend has just sold her country house ( in the same valley as Collonges-la-Rouge, prime location) with 4 bed barn and gite which she was running as a business for 50k less than she paid for it 10 years ago and having spent over 100k on it. At one point it was valued at 880k about 4 years ago and she sold it for less than 300k Euros. She cant even afford to buy anything in the UK and having any money to live on. Some other friends had to buy a mobile home in the UK as the only way they could afford to go back. Same story in Spain... I know as we had a family home their for 16 years.
You have just proved my point, values have seriously fallen since the financial crash, nothing to do with Brexit. I repeat GBP/Euro values are near the 5 year average. I would be nervous buying in a location where is was likely to struggle to resell in a reasonable time. OFN has just stated no shortage of British buyers so you really have to blame the policies of the French government.
It is a substantial house with Gite, second house and very large fishing lake stocked with monster carp. It may well sell to somebody looking for an income in a beautiful location. It was also used as a camp site previously so many ways to secure an income. They are looking for about 850k Euros, the wife hopes it will take 10 years to sell!!
The property market in France always has been different to that in the UK. There is a house in our hamlet that has been on the market for 16 years and no one is interested in it as it is such poor condition. Nothing to do with British or French politics, just a grotty property. There are many who over develop a property, my ex-French neighbour was a good example. He lost a lot of money when he finally sold. The same happens in the UK. The people who bought my house want to sell it now and despite spending thousands on extending it, the price they are asking drops every month, and they will lose out. This however is purely about putting value on something, and little to do with quality of life. How can you put a value on that?
Like the UK, France has areas where properties remain sought after and are holding their prices. Like any investment, values can rise or fall. Individuals are quite happy to take the increases in value, they need to also take the losses or hope for better times ahead.
I don't suppose you are typical of the average 21C Brit with your second home in France. I don't think they would have much sympathy with your loss in value.
The good news just keeps coming. Britain has secured more than £15 billion of extra foreign investment since EU referendum 11 Comments please log in to view this image Dr Liam Fox CREDIT: WPA please log in to view this image How tech is transforming NHS record-keeping A number of tech innovations within the NHS can help provide a better experience for patients Read more › Sponsored Laura Hughes, political correspondent Peter Dominiczak,political editor Christopher Hope, chief political correspondent 30 DECEMBER 2016 • 12:01AM The UK has secured more than £15billion of extra foreign investment since the referendum, ministers announced last night as they hailed the “clear vote of confidence in the UK”. Liam Fox, the International Trade Secretary, said his department, which was set up following the Brexit vote, has reached deals on more than £15.2 billion worth of foreign direct investment in sectors including property development, infrastructure and renewable energy. It is understood that billions of pounds worth of other foreign deals will be made in the coming months but cannot yet be publicly disclosed. please log in to view this image A European Union flag in front of Big Ben CREDIT: DANIEL LEAL-OLIVAS/PA WIRE Based on current projections it is expected that the Government will now meet or exceed the £983billion in foreign direct investment pledged between 2015 and 2016. Dr Fox said the investment shows that countries across the world are betting on “our strong economy post-Brexit”. Senior Leave campaigners including Michael Gove and Iain Duncan Smith, both former Cabinet ministers, last night hailed the figures and hit out at the “prophets of doom” who predicted economic disaster after Brexit. please log in to view this image Iain Duncan Smith CREDIT: PAUL GROVER Mr Duncan Smith, the former work and pensions secretary, said: “This latest announcement is the turning point. You are now either in the camp that fundamentally believes that Britain can do anything, anytime and anywhere, or you are in the a doom and gloom camp that doesn't believe in Britain. "These are the little England Remainers who cannot believe for one moment that Great Britain is not little England, they actually think that this great island of ours cannot do anything without going on bended knee to Brussels." The figures come just days after official figures showed that the British economy grew faster than expected in the months after the referendum. Watch | 2016: the year that changed the world 02:53 The UK economy grew 0.6 per cent in the third quarter amid a stronger expansion in business services and Britain's finance industries. The Office for National Statistics revised up the estimate from 0.5 per cent, and the data showed that the UK’s growth remained robust following the Brexit vote. And this week the FTSE-100 index hit a new all-time closing high in the first day of trading since the Christmas break. please log in to view this image Michael Gove CREDIT: PAUL GROVER Mr Gove, who served as justice secretary, said: “This is fantastic news that the government has secured these levels of investment. "This is a real vote of confidence in Britain after our vote to leave the European Union. The prophets of doom have once again been found wanting "All the signs are that Britain can make a great success of life outside the European Union and these investors certainly believe in a great future for Britain." Watch | 2016: the year that changed the world 02:53 Dr Fox’s department said that in the run up to Christmas, the Australian company Peak Resources committed to to £100m investment in a new minerals refinery in the Tees Valley. DONG Energy, a Danish company, has also committed £12 billion worth if renewable energy projects in the UK by 2020. The Chinese construction firm CNBM has also committed to investing £2.5 billion into the development of 25,000 modular homes in the UK. please log in to view this image International Trade Secretary Liam Fox, Foreign Secretary Boris Johnson and Brexit Secretary David Davis leave 10 Downing Street CREDIT: GARETH FULLER/PA /GARETH FULLER/PA Dr Fox said: “Recent major investments show how much the UK is valued as an innovative business-friendly country, and will continue to be as we leave the EU. But the benefits of foreign investment have much more impact for local communities across the UK, transforming local industry, creating jobs and tackling issues like housing and clean energy. “Britain remains truly open for business, that’s why my department is supporting businesses in the UK and across the world to attract investment to boost our economy. Long-term business investments like these are a clear vote of confidence in the UK and our strong economy post-Brexit.” Gerald Howarth, a eurosceptic MP, said: "Its fantastic news and a vote of in the United Kingdom's reliance, its future and a complete snub to those who betrayed our country by selling us short under 'Project Fear.'" Watch | PM holds talks at EU summit in Brussels 00:40 Andrew Rosindell, the MP for Romford, added: "2017 will not be the miserable year the Remoaners had hoped for as investment in Britain grows stronger and our prospects for trade agreements globally become a reality. "It's clear that the instincts of the British people were right on 23rd June 2016 and Britain's future will be stronger and more secure economically after we have cut the ball and chain of Brussels control." Steve Baker MP, said: "Investors can see the UK will be a global leader in opportunity, enterprise and human flourishing. The sooner downbeat commentators accept current facts and future possibilities, the happier and more prosperous we will all be."
I don't know who you mixed with in France but virtually all the Brits we knew were working people who bought cheap properties..... that is the nature of the region too
