Investors in french land-grab

Investors should snap up building land in France before it is too late, claims Legget Immobilier…

Trevor Leggett, Executive Director, Leggett Immobilier, said: “2008 is definitely the time to be looking at buying land for building your own property. We know that the ‘carte communale’ – the regulation whereby communes in France set the land planning for town and village expansion areas – has now been proposed for 80 per cent of the communes in France.

“Once these proposals are accepted they cannot be modified for 10 years. So as land disappears, there will be less available and prices will rise. Good large plots of land are still available for £15,000 – an excellent bargain – and building a small house costs only 100,000 – 120,000 euros. Or you can buy the land and just hold onto it until you are ready to start your building project.”