THE ease at which you are able to reach your property in France will have a real impact on its success as a holiday home as well as its future sale value.
The property section of The Times newspaper features an excellent article about the impact that low cost airlines have had on property values in Europe.
Bergerac, in the Dordogne, is one of the airports mentioned and research suggests that prices have risen by 157 per cent since 2001.
It is important to consider just how easy it is to get to your property especially if you want to let it as a holiday home or expect to use it regularly at weekends.
Many low cost airlines will have no problems pulling the plug on a service if they believe it is not making them any money, they can’t afford to support an under performing route.
Think hard and long on where you are going to buy and how easy it is to get to.
If your property is only served by one airline to one airport, what happens if the company goes bust and the next airport is four hours away?
If you are looking to let your place for holidays try and find somewhere that is easily reached by at least road and plane, if not boat and train as well.
And remember if in time you want to sell your house potential buyers will also weight up how easy it is to get to, impacting on your sale price.
Comments
One response to “Impact of low cost airlines”
This has happend to us, Ryan Air was flying from Stanstead into Brest – one hour from our home in France – but they stopped the service which now means we have to fly into Dinard – 2.5 hours from our home. Has anyone any news that Ryan Air or any other low cost air line is starting up from Stanstead to Brest?