After 10 years in the French Property Business Kirsty Redhead of 1st For Gascony confirms 2009 has been the best ever. Despite the worldwide recession Kirsty believes value for money properties and Gascony which sells itself as the main factors for the results.
Kirsty goes on to say “2009 was a tough year for everyone but it has also been used as a reason for people to take action on their future plans now rather than waiting.”
The key pointers from the property market in Gascony for 2009;
1) UK Buyers Are Still Buying – Now looking for a long term family home than purely as a holiday home and Gascony is perfect for that. Yes some people are moving back to the UK but that has been mainly for family reasons rather than financial.
2) Vendors Are Now More Realistic On Price – After the crazy prices of 2006 & 2007 vendors are definitely becoming more realistic and the right priced properties are selling and selling quickly. Some properties last year were even sold in days.
3) Less Renovation Required – The trend has now changed from a full renovation required to something now that is at least habitable.
4) Importance Of Land – More and more people are demanding increased amounts of land with a property. An average requirement now is in the region of an acre (4000m2). People now want more of their own space which restricts a number of regions in France but certainly not in the Gers and Hautes Pyrenees.
5) Separate Accommodation – Despite the gite and B&B market being saturated people still believe this can be a good income source. So properties with outbuildings, barns etc are still in high demand.

Technorati Tags: gers property market, gers property market 2010