French Rural Property Index is Now Live

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The French Rural Property Index will give a better idea of the market trends.

London (PRWEB) March 8, 2010

Property indexes are designed to demonstrate to potential consumers the trends and predictions for different types of property on the market. In France, there are some which show all these things. However, these pre-existing indexes for France, whilst they display all the property can be too general and complicated for the average foreign buyer looking to invest in a different property market.

There are obstructions for potential investors who are looking at another property market. Least of which is the fact that property indexes in France do not specifically target the rural housing market. It is in the nature of city property prices’ to be greater due to the very popular demand for abodes in urban centres. These indexes take into account the effects of prices in the cities which can obscure the real picture and increase the average price per region, thereby giving a false insight into the market.

So to combat this obscurity, Sextant French Properties has set up its own property index, the “French Property Index”. The first of its kind, the index’s primary function is to aid potential investors from the UK in understanding in much greater depth, the French rural property market. The French system of property purchase is very different to that of the English one. The main disparity between the two being that in France, you cannot find chain properties where you have 10 parties involved. The second advantage is that once the buyer signs the compromise de vente (preliminary contract) they cannot do gazumping at the end of the buying process.

By targeting this niche in the market ie. UK customers looking to purchase in France, the Rural Property Index clearly sets out the market trends’ for each specific region of France. There are some 10,000 properties advertised on the Sextant website, enabling the customers to enter in their own personal requirements, hopefully achieving their goal of finding the property that is right for them.

The index principally deals with old property or re-sale, which accounts for 97% of the Index, that is to say, property which has been on the market before and is either habitable, ready to move in or full renovation. The remaining 3% involve new-build and investment properties.

Sextant sells a lot of property in the Provence Cote d’Azur region in the south. Although the vast majority of property in this area is not rural, many British investors find the area a very attractive place to either have a holiday home or a more permanent domicile. Sextant, in accordance with its aim to help find the perfect French home for British people, therefore adds properties in this region to the Index.

The French Property Index enables a graphical view of the price trends across the country by region. Clearly, there are regions that will be in higher demand than others and the Index graphic can show, for instance, that the average property price in Brittany is €201,590 and that since October 2009, prices in the region have increased by 15.54% and by contrast, the most desirable region is that of the Cote d’Azur, with prices averaging at €921,550.

Click here to view the latest figures: http://blog.sextantproperties.com/french-rural-property-index

Matthieu Cany
Managing Director of Sextant French Property
Tel: 020 7428 4910
http://www.sextantproperties.com

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