Embarking on a property project in Brittany or elsewhere inevitably leads prospective investors to consider the opportunity of buying new or, conversely, preferring older properties.
BPS invites you to discover the advantages that this type of investment can offer you.
Older properties offer more accessible prices than new builds
With sometimes up to 20% less per square meter in certain cities, the price of older properties is more attractive than new builds, even though notary fees are higher. Thus, for example, some investors will prefer this option allowing them to purchase a larger surface area for an identical or even lower budget.
Financial assistance available
Although investment in new builds is strongly encouraged by public authorities who have implemented numerous incentive financial aids, it is nonetheless equally possible to benefit from support measures for older properties, the PTZ, depending on the zones, as well as tax advantages for energy renovation investments.
A less speculative market
Older property real estate is relatively less subject to major price variations over the years. While it can obviously increase in value, losses are relatively limited, especially if improvement or renovation work has been carried out.
A wider range of options
The property offering in older buildings is more extensive than in new builds, better distributed geographically, and generally available immediately. This is a significant advantage, especially for investors who wish to acquire a property located in the heart of cities, close to services and shops.
An opportunity to renovate to your taste
Investing in older property real estate allows more flexibility to reorganize and renovate the property to your taste, whether it involves minor work or more substantial projects. The property market offers numerous possibilities for those who wish to embark on acquiring a character property by the sea or even an unusual property, such as a farmhouse or a longhouse.
A wide range of properties
Brittany is among the most sought-after regions by investors in 2017. They are attracted not only by the quality of life, but also by the economic dynamism showing strong growth. Furthermore, the property offering is vast, allowing everyone to find the property that will match their life project or their desire to invest in the rental sector.
