Demand for rural French property for sale continues to climb post pandemic, resulting in a historic shortage of properties for sale in the French countryside. The French rural property market is continuing its rising trend that began during the epidemic last year at this time. Despite Covid and lockdowns, French estate brokers sold a record number of properties in the French countryside in 2021, and demand for rural French property continues to climb.
Unprecedented scarcity of rural real estate for sale
This appeared to be a short-term, knee-jerk reaction to the Covid problem at first, but the pattern looks to be accelerating this year. Agents all around France are complaining about a high demand from purchasers for rural homes, but an increasing dearth of availability. Those who live in towns and cities appear to be relocating to the country, while those who are already there appear to be sticking there.
In 2022, rural France will see a record number of home purchases.
The Safer (Société d’aménagement foncier et d’établissement rural) organisation, which monitors the rural French property market, has revealed a record number of house transactions in the French countryside, up 6.6 percent in 2020. Safer referred to this tendency as an exode urbain, or an exodus from urban dwelling, in its most recent research.
Positive news for the French rural economy
According to Emmanuel Hyest, president of Safer, this shift in property purchasing behaviour appears to be accelerating in 2022. He relates this tendency to shifting goals caused by the epidemic and a desire for a comprehensive lifestyle transformation. He also believes it will be a very beneficial development for the French rural economy: the bulk of these new owners are not relocating to the country to farm the land, but are continuing to work and therefore shifting their income and spending from the city to the countryside. This will have a long-term impact on rural companies and communities.
House prices in rural France are rising.
He sees this as a long-term and long-lasting event that will reverse the recent trend of rural depopulation. As a result of this, housing prices in France increased by 6.1 percent in December 2021, according to ceicdata. Prices are expected to climb further in line with growing demand for rural French property.
Standard & Poor’s just released a research on the European housing market for 2021-2022. According to this forecast, housing prices in France will rise again in 2022 “as families continue to benefit from cheap mortgage rates and a strong economy recovering from the Covid-19 epidemic.”
Rural French land is a fantastic long-term investment.
The French economy is likely to increase this year and next, according to the Banque de France. It is anticipated to increase by 7.4% in 2022 and 3.0% in 2023.
France has long been an excellent area to invest since it has one of the most regulated property markets in the world. What further maintains the real estate market healthy is that demand comes not only from French purchasers but also from overseas investors searching for rural homes.
“Real estate cannot be lost, stolen, or carted away,” Franklin D. Roosevelt is quoted as saying. Purchased with common sense, paid in full, and handled with reasonable care… it is the world’s safest investment.” Sell Your House in France Online
