A Piece of France for Just One Euro!
A village in the Normandy region is trying to boost its population by luring buyers with offers of land for just €1 per square metre.
Soaring property prices across Europe and notably in certain regions of France in recent years has motivated many to seek ways of taking advantage of the boom. In the case of the coastal community of Champ-du-Boult in Normandy, the land is where their treasure lies and now there are four plots listed in the area for just €1 per square metre.
The critical housing shortage in the UK has made media news for many months and it seems this is what inspired this struggling village to lure new arrivals to its community.
France is one of the most popular destinations
Mayor Patrick Madeleine said: "We're in a period where money is short, with state grants being cut back. The only way to bring a bit more wealth into the community is to bring in new residents."
France is one of the most popular destinations for British property investors and there has been a notable increase in the number of first-time buyers buying outside the UK to seek value not available at home.
Champ-du-Boult is a popular destination for tourists too and its location close to beach resorts, golf and a range of attractions makes it popular with property investors.
Close to Calvados, the region is important in the culinary world, leading to increased numbers of foodie tourists in the area.
Land in the area is an extremely good buy and there's a very good chance you would get an incredible vista thrown in! The only draw-back from an investor's perspective is the potential minefield of paperwork and processes involved in the planning and construction of the simplest forms of shelter that exists in France.
Nevertheless, with land at this bargain basement price, you can't really go wrong with a property in this delightful region. If you wanted to attract holiday rentals, you would be assured of a fairly consistent rental stream due to Champ-du-Boults year-round popularity with international tourists.
