Global Real Estate Recovery

The Knight Frank Global House Price Index has shown that property prices in major locations around the world have increased by 53% in the first three months of 2010. Furthermore, for the first time since 2008, annual price inflation for all global real estate markets has again turned positive. However, Asia is experiencing the sharpest increases and the biggest recoveries, while many European countries have not yet recovered.

In Europe, the most positive markets are in Scandinavia, Norway, Sweden, and Finland. Countries with bigger economies, such as France and England, have been slower at recovering as they’ve been more affected by the weakness of the Euro and the debt crisis.

Second Homes for Wealthy French Real Estate Investors

According to a survey taken by Savills International and HomeAway.co.uk, France was among the most popular second home locations in 2009. The research found that these French holiday home investors are composed of buyers with significantly higher disposable incomes who are less reliant on mortgages. Savills stated that “in 2010, the overseas second home market will be characterized by cash rich, lifestyle buyers benefiting from lower prices in traditional, established holiday home hotspots.”

This is due to price decreases of up to 30% for properties in popular holiday locations, such as France. More than 20% of the survey respondents stated that they are planning on purchasing additional holiday properties in the future, as long as market conditions and mortgage availabilities improve in those countries.

This is great news for the second home property market in France, especially in Paris.

Archives

» December, 2015: Democrats work to stop FATCA blowback

» November, 2015: Buying a Piece of France - Tax and Legal Need to Know, November 2015

» April, 2015: Paris Real Estate Outlook 2015

» October, 2014: Breaking News on Euro USD

» October, 2014: Inheritance law in France : Major change for you in 2015

» March, 2014: France Home Finance on TV

» February, 2014: French Property Tax Update 2014

» February, 2014: French Housing Market 2014

» April, 2011: France’s Economy is Looking Up

» April, 2011: Exchange Rate Forecast

» April, 2011: Outlook for European Inflation

» April, 2011: Why France is still Drawing Expats

» March, 2011: Euro Exchange Rate Outlook

» March, 2011: France World Tourism Leader

» March, 2011: Update on French Mortgages

» March, 2011: Rising French Property Values

» February, 2011: Role of the Notaire

» February, 2011: European Economic Outlook for 2011

» February, 2011: Key French Tax Deadlines for 2011

» January, 2011: The Complete Mortgage Process

» November, 2010: French Property Taxes

» November, 2010: The Benefits of Hiring a Mortgage Broker

» October, 2010: Qualifying for a French Mortgage

» September, 2010: Primary Costs Involved With a French Mortgage

» September, 2010: Fixed or Variable Mortgage Rate?

» August, 2010: French Leasebacks

» August, 2010: Compulsory French Life Insurance

» July, 2010: Commercial Real Estate Sector Must Meet Sustainable Criteria

» July, 2010: Major Decrease in U.S. Property Sales

» June, 2010: Global Real Estate Recovery

» June, 2010: Second Homes for Wealthy French Real Estate Investors

» May, 2010: Increase in Confidence of French Real Estate Market

» December, 2009: Key French tax deadlines for 2010

» October, 2009: France - the most visited country in the world in 2008

» August, 2009: Visit France Home Finance in our new location