View from the Foothills of France Some personal views on living, working, bringing up family and making the dream happen in the most beautiful region of France. View from the Foothills of France also includes some personal and professional thoughts and tips on finding and buying the perfect property in the Ariège and Haute Garonne regions.
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By nadia, on 13th April 2016 
If property sellers in France were concerned that the threat of Brexit might impact on the French property market, it turns out that they needn’t have worried at all. In fact, this year, agents here tell me that they are inundated with buyers from all over Europe but that the greatest majority are from the UK. Likewise, local Notaires have reluctantly had to drag themselves away from the golf courses to deal with the increase in sales transactions since January.
This upsurge in English buyers does, nonetheless, probably have its roots in Brexit, fuelled by the concern that the legal right of Brits to buy a property in France may disappear if the UK votes to leave Europe. Plus it looks likely that the value of sterling will fall, at least initially, in the case of a Brexit and hence the buying power of the British will be much reduced.
In addition, of course, George Osborne seems to have been doing his very best over the last couple of years to scare off anyone in the UK wanting to invest in property or to buy a holiday home in Britain. Hence many British house buyers are clearly looking to spend their money elsewhere to avoid giving quite so much of it to the chancellor, either through stamp duty, income tax or inheritance tax later on.
In fact, for just the price of the stamp duty that you will pay on an average London home you can buy a truly fabulous country home in France. So suddenly the sensible money is looking to the stable and long term proven advantages of classic French houses and this has, of course, given a huge boost to the property market over here.
Add this to the highly advantageous exchange rates we have seen since the beginning of the year, the very low mortgage rates and the incredibly good value offered by French country homes and it is not difficult to see why anyone working in property in France is currently very busy.
This does, unfortunately for buyers, also mean that it is getting harder to find nice properties here and that the good ones are selling fast so, if you need help with your search, please do get in touch: nadia@foothillsoffrance.com
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By nadia, on 13th March 2016 ![34f8d9ec7ca70e3f6402cb10b2fc9238[5]](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%20235'%3E%3C/svg%3E)
How the world has changed; thanks to the internet it is now possible to view hundreds of houses for sale in France from the comfort of your desk in Sydney, Johannesburg, London or Singapore as is the case with many of my clients so far this year. It is a fantastically useful tool but only up to a point, especially when looking to buy in France. Property details in France are limited to say the least – in my region at least, there is not a single agent who will post floor plans, detailed photos of every room and a marker on the map indicating the exact location of the property (this you will not find from any agent in France in fact – you won’t even get the name of the village, just a commune nearby)
I bet there are not many people out there who have seen a house in the Ariège or Haute Garonne advertised on line, managed to visit and found it exactly as they had expected or hoped. In my experience, all those hours trawling property sites on the internet so often turn out to be a waste of time as, more often than not, the houses shown are no longer available (sometimes they never were) or are pictured carefully cropped so as to hide the enormous pylon in the foreground. Estate agent’s descriptions here only contain the most basic facts, so it is impossible to tell what a house is really like – let alone whether it’s located near a noisy road, railway line or sewage farm.
Moreover, many of the estate agencies in this region do not even have a proper website; certainly not an easily navigable one – part of the old fashioned charm of France can also be frustrating and you really do have to visit each agency to find out what they have on their books. Notaires also sometimes have some real gems that are only ever advertised locally, which is often also the case with private sales in the region. Many more houses are sold privately in France than in the UK and the only way to discover these is to be on the spot as lots of French people privately selling houses in this region, do not have access to the internet so will rely on petits annonces (private ads) and local boards to sell their houses.
The problem is that it usually takes a few wasted, expensive trips and frustrating viewings of completely unsuitable properties before house hunters from abroad realize that trying to find the perfect property for sale in France from abroad is almost impossible. For me too, agency websites are only useful up to a point and it is only once I start making appointments and getting out to view properties that I get a good feel for what is actually on the market, what is worth a client viewing and what is not. In addition, part of my job is also about knowing my region; both the good bits and the bad so I can advise my clients on all aspects of living here and for this I need to be out and about. This is also of course the perfect way to discover those all important ‘a vendre’ signs and to discover from the locals who is about to put their house on the market. What’s more, it is such a pleasure to drive around this stunning area – there is nothing like fresh air and sunshine to invigorate and clear the head and nothing like chatting to the eminently grounded local people here to realize that, while the internet has given us all a huge amount of freedom and decreased the size of the world in many ways, there is still only one way to find the perfect house in France and that is by spending day after day driving around viewing lots of unsuitable properties until finally you find the one. Or, if you don’t have the time to do this, get someone else to do it for you and save yourself a lot of wasted trips, money and stress.
Certainly in this hidden and beautiful corner of France where face-to- face is still the way that things work, the only way that I find the real gems of houses in the very best locations, is to get out and do my research the good, old-fashioned way. The internet is undoubtedly a fantastic invention but, at the end of the day, nothing can match local knowledge and simply being here on the ground.
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By nadia, on 23rd February 2016 
For the first time since 2012, the prices of old French houses in France have slightly increased according to the latest property report published by the Notaires de France at the end of January. The report shows that, in the third quarter of 2015, the prices of older properties in mainland France rose 0.3% compared with the previous quarter in seasonally adjusted figures.
Certainly in this area of France (and most particularly the Ariège) there has been a notable upturn or activity in the property market. There are, of course, all sorts of reasons for this but, most notably, there are some market factors that have come together to give French rural property a noted boost:
- A weakening Euro rate against many major currencies means that buyers can get incredibly good value in France
- Low interest rates and good access to French mortgages for foreign buyers
- Supply of homes in the market are still plentiful and sellers are more prepared to negotiate than in the past
- Rural France is still seen as a safe place to both invest and to live
- A general economic recovery throughout Europe and America is inspiring renewed confidence in foreign property investment
In rural France, one of the best indicators of the state of the property market is generally the number of sales and, since the middle of 2015, the report shows that the annual volume of transactions has seen a gradual but increasing upturn. The number of transactions completed in the last 12 months was estimated by the Notaires of France as 792,000 which is up 12.5% over one year. This is the biggest rise since the spring of 2012.
If there was ever a ‘best time’ to buy a house in France, this may be it.
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By nadia, on 11th February 2016 ![025[3]](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20300%20182'%3E%3C/svg%3E)
Britain joined the European Union in 1973 and, since then, hundreds of thousands of Britons have chosen not merely to holiday in Europe but to buy property or make our homes here. Higher disposable incomes, more flexible working practices and cheaper travel have encouraged this trend but so indeed have successive European agreements covering banking, tax, insurance, health care and travel, all of which could presumably change if Britain were to leave the EU.
According to the Vienna Convention on the Law of Treaties 1969, current British expats in Europe have ‘acquired rights’ in their adopted home countries which should still be the case should Britain vote to leave the EU. Certainly precedent suggests that British expats should retain their free movement and all their rights within Europe following any withdrawal as was the case when Greenland withdrew from the EU in 1985 so it can be safely assumed that the same would apply to a Brexit.
The most obvious problem therefore would not be Britons already living in France but those wanting to move abroad if Britain leaves the EU. What might Brexit mean for those thinking of buying homes in France in the future? The truth is that nobody knows for sure but here are a few possible outcomes:
- The return of the ‘Carte de Séjour’. These were required for British nationals living in France before 1973 (and for a long time afterwards in fact) and could be introduced again as could travel visas such as those required for the US (where numerous Brits also own property). So more paperwork and red tape but really nothing insurmountable.
- British buyers might find it harder to get a property loan in France if Britain withdraws from the EU – or at least they might find themselves paying higher mortgage rates than EU members. Banks in EU countries view non-members differently and Americans or Australians are typically unable to borrow as much as Europeans and often at a higher interest rate. The minimum deposit required for a mortgage in France is usually around 20% for European buyers whereas it can be as much as 50% for non EU citizens.
- Tax changes are possible in the case of a Brexit because EU citizenship comes with tax perks particularly in relation to property. When it comes to property taxes, being an EU national brings with it a certain level of protection whereas France is notoriously tough on non-EU citizens, imposing a capital-gains tax of 49%. Residents of any EU or European Economic Area country pay 19% capital gains tax at the moment. However, everything points to the fact that, if Britain leaves the EU but remains in the single market, the current tax agreements should remain. Crucially, the double tax treaties that Britain has agreed with EU countries will remain unaffected. This is because the agreements to ensure people aren’t taxed twice on the same money are made individually with each country.
- Under current EU regulation, Britons can visit any EU country and expect to receive the same health services at the price a local would pay. In the case of a Brexit, this would only continue if the exit agreement includes reciprocal health care.
At the moment, all we have is uncertainty which is not good for anyone and nobody can accurately predict what the actual economic or social fall-out will be should Britain vote to leave the EU. What are the actual reasons for leaving anyway? Personally, I have yet to hear any clear argument. Of course there are plenty of things wrong with the EU but, equally, there are many things that work very well. The only person I have heard so far who has really hit the nail on the head (as he always seems to manage) is George Monbiot in the Guardian so I will leave him to have the last word on the subject: ‘The EU is like democracy, diplomacy and old age: there is only one thing to be said for it – it is not as bad as the alternative’.
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