GCC investors eyeing prime French properties
Manama, May 26, 2014
France continues to be an attractive property investment hotspot for GCC investors, said the organisers of a key expo held in Bahrain.
The expo, "Make France Your Home" being held at the Zebra Lounge in Upstairs Downstairs Restaurant in Adliya concludes today (May 26).
The event is being presented by property finder Audrey Coleman, in association with Bahrain estate agency Projects & Properties, reported the Gulf Daily News, our sister publication.
Coleman, a long-term resident of France, specialises in residential property sales in the south-western areas of the Dordogne and the Charente.
More than 40 properties ranging in price from 64,000 euros (BD41,000) to 1.2 million euros are being offered for sale at the expo.
"The response since the opening on Saturday has been tremendous with several viewing bookings already confirmed for the summer," said Coleman.
"We have seen interest from nationals of Bahrain, Saudi Arabia, Egypt, India and Europe and our visitors to the expo are encouraged by the wide range of properties, attractive prices, low interest rates and mortgage facilities that are openly available to all nationalities (subject to status).
"One such property attracting a lot of interest is a house with a (potentially) income generating gite, on a land area of 70,000 sqm, which is offered at 360,000 euros," she added.
"Properties in these areas continue to provide excellent value for money with a huge choice and variety of property for sale," Coleman said.
"With extremely reasonable prices and many bargains to be had, it is a great time to buy in provincial France," she added.
Visitors to the expo will be able to discuss directly with Coleman all aspects of the buying process in the Charente & Dordogne departments, which averages between 2,200 and 2,400 hours of sunshine a year with long, warm summers and relatively short winters.
"We are expecting this year to be an exciting year for prospective French property buyers," she stated.
"French mortgage rates are at historic lows and there are definite signs that confidence has returned to the market. If you're looking for a holiday home or a permanent home, we can help you," added Coleman.
Projects Holding Company managing director Stan H Bontoft said buying property in France is easily accessible to GCC nationals, who see a holiday home in France as an extremely practical and logical investment.
"The expo is well-timed for those considering a house purchase and who may be intending to visit France in the summer for the purpose of house viewings," he added.-TradeArabia News Service