The French newspapers have been rife this month with stories of ongoing economic difficulties coupled by salacious gossip about President Francois Hollande’s love life which make for pretty grim reading on the whole.
However, there was one glimmer of hope that emerged in the international press regarding the state of affairs in France which caught our attention last week.
According to a report by international prime real estate agents Knight Frank, the number of luxury villas in areas such as Saint Tropez that are being sold is growing considerably.
Knight Frank’s Prime Residential Insight Report said that sale figures across France were slowly starting to climb out of the doldrums, while the price of prime property throughout the country was no longer falling at the pace that it once was.
The report, which was published earlier this month, revealed that the number of people applying to buy prime properties in some of the most popular regions of France like Saint Tropez have increased by as much as 28 per cent.
Even more positive news for those of you looking to sell your luxury home in Saint Tropez is that viewings are up by 52 per cent in the space of the last 12 months.
The Cote d’Azur, where our portfolio of beautiful luxury properties to rent and buy in Saint Tropez are located, was highlighted in the report as being an area in which the prices of properties and the level of demand has gone up in the last few months.
However, even in sought-after towns like Saint Tropez, only properties which are priced correctly are selling.
“Where property is priced accurately interest is generated, viewings are arranged and sales are agreed. However, there are still far too many properties that are unrealistically priced and languish on the market due to a lack of realism on the part of some vendors and a lack of transparency in the marketplace,” said Kate Everett-Allen, head of international residential research.