Auvergne Property Investment Guide
Discover property investment opportunities in Auvergne. Market trends, prices, and local insights.
Introduction
Auvergne, located in the central part of France, is known for its stunning landscapes, volcanic mountains, and rich cultural heritage. It has been gaining attention among real estate investors due to its affordable property prices and burgeoning tourism industry. The region offers numerous renovation opportunities that promise significant returns on investment (ROI) for savvy investors.
Overview
Market Trends
As of 2023, the Auvergne property market has shown resilience with a steady increase in demand, particularly for properties needing renovation. The average property price in Auvergne is approximately €1,300 per square meter, which is considerably lower than the national average of €3,000 per square meter. Investors are increasingly focusing on older homes and commercial buildings that can be refurbished to attract both long-term residents and short-term renters.
Regulations
The French government encourages renovation projects, especially those that improve energy efficiency. Investors should be aware of the 'Loi de Transition Énergétique', which mandates energy performance improvements for certain properties. Local regulations may require permits for substantial renovations, so it’s advisable to consult with local authorities.