France investors eye ‘wine profits’
Investors are increasingly buying into vineyards in
Greca Sandford of property and lifestyle website FrenchEncree investment explained: “investing in French vineyards is a long-term project and buyers should not expect to reap profits for at least five years. Some clients have recently purchased vineyards hoped they would be around for over 70 years.
“Languedoc-Roussillon is a really popular area due to a surplus of vineyards and a crisis within the French wine industry, which means there are plenty of properties for sale.
She added: "It is a lifestyle choice definitely. All profits tend to go straight back into marketing and development. The people choosing to buy vineyards are all people who are very passionate about making wines."
According to The Economist Pocket World in Figures, 34 per cent of
The Guardian recently reported that