LETTING
GITES SUCCESSFULLY.
WHERE
TO BUY.
If
you are embarking on a project to develop holiday accommodation, a
few simple guidelines may help you gain the maximum income
and save a few tears in the process. The region, location, size of
property, number of letting units, the standard, rental charged and
where and how you choose to advertise will determine the length of
season and level of income. This generalisation will give you an overview
because of course there are always exceptions to the rule.
Past
years has seen demand for properties generally start earliest in coastal
departments especially the Vendee and Charente Maritime, followed
by Provence and Languedoc-Roussillon. Brittany and Normandy started
very late this year probably because of poor weather in recent years.
Inland regions used to start a little later, with France filling up
from the North down and then inland as people found it harder to find
properties. However, with most areas being well serviced by the low
cost airlines, there is a more balanced demand for all areas. The
Dordogne is still one of the most popular departments as it can be
reached within a days drive, is well serviced by either Bergerac,
Bordeaux or Limoges airports and is one of the better known regions
of France.
Property
owners in the better known departments and regions benefit from a
higher demand. You should take this into account when buying a property.
Holidaymakers want sun and/or accessibility. So if you buy a property
in the Deux Sevres or Cher, for example, you cannot expect to benefit
from high volumes of traffic because they specifically want to visit
your particular department.
This
said, owners in the Dordogne and other well-known regions have more
competition from other owners and in depressed markets like we have
seen in 2003, this can work against them.
The
nearer to the coast, the better is a rule that should be followed
by people looking at purchasing a property in a coastal department.
People looking for a holiday by the sea don't want to have an hours
drive to get there. Remember however, that everyone is different.
Some holidaymakers want to be isolated and private whilst others want
to be able to walk to the boulangerie. Avoid properties on busy roads,
near working farms where there are cattle or sheep because of flies
and smells or any property where the neighbours have neglected the
property or land. You will have no control over your neighbours and
no one wants to over look a tip. Location, location, location applies
to France as well as everywhere else.
You
can't make a silk purse out of a sow's ear. An ugly property in a
poor location will always look that way no matter how many coats of
paint you slap on it. So don't rush into a sale; explore a region,
stay for a while, let your eyes be your guide and your money be the
last thing you part with.
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