Old or New ?

Why is it the French seem to prefer new build or modern properties ?

Some 30 or 40 years ago they didn't seem to mind damp crumbling houses with creaking wooden shutters and leaking rooves.

Today is a different story altogether.

In the main, foreign buyers and the French are interested in different types of property.

To us foreigners, a unique property in a beautiful location is the dream, whilst what the French really want is comfort, elegance and convenience. The great majority of foreigners prefer to buy an older property and are prepared to put up with a few defects and more maintenance costs.

An average type of new property is more expensive than an old one. It is therefore important to consider whether you will be able to re-coup the cost of renovating an old property in a remote area. Selling on may be difficult, but you may be lucky to find another foreigner who wants to buy it.

Let's look at the advantages of an old property .....

Rustic, unique, and charming, with perhaps craftsman made doors and windows.
Lots of land and established gardens.
Probability of better views than a new property.
Potential for letting out occasionally for holiday rentals.

Now for the new ....

The building is guaranteed for 10 years from construction.
You can design the house yourself.
The heating will be more efficient, plus there will be insulation.
The kitchen and bathrooms will be more modern.
The wiring and plumbing won't need replacing.
Parking facilities.

Will you be buying old or new ?