Vive Recession Proof Hotspots November 10, 2011
Vive Recession Proof Hotspots
Savills Private Finance
Traditional prime property hotspots which attract wealthy, lifestyle buyers have been more resilient in terms of capital values. They include areas of southern France, the Alps, the Algarve, Tuscany and high-end locations in Spanish islands such as Mallorca. France has shown itself to be the most resilient second property market in the recession.
Although overall investment in overseas property has decreased, 2009-2011 sales data shows that France, which is also the world’s most popular tourist destination (according to UNWTO), has retained its popularity for buyers). France did not see the dramatic house price decline of neighbouring Spain and its banks have continued to lend on second homes thereby stimulating the market. The relative stability of this market and its ease of access from the UK mean that buyers remain confident to invest.





