The French property market may well be falling back to pre-boom levels (12.6% drop in sales numbers since the start of the year) but Leggett Immobilier International report that the equestrian sector is bucking the trend.
In a report timed to coincide with the European Eventing Championships at the prestigious Haras du Pin, they report that enquiry levels are up by 6% this year. This figure is sure to soar next year as the iconic Chateau de Versailles hosts the Olympic eventing, dressage and show-jumping events. Billions of viewers worldwide will discover why France is the leading equestrian destination in Europe.
The Leggett Immobilier International report states that:
– the price of country houses rose by 5.7% in 2022, but with demand slowing to pre-boom levels equestrian properties are one of the few property types to buck the trend.
– a strong core of domestic buyers is supplemented by demand from northern Europe and further afield.
– this demand is driven by the relative affordability of French land/property compared to the UK, Holland, Belgium and Germany.
– in addition, the equestrian infrastructure in France is unrivalled. France has 8,600 clubs, 5,000 horse riding centres and 400 equestrian tourism centres – catering for one million equestrian tourists annually.
– the Paris 2024 Summer Olympics (27th July-6th August) will boost demand for equestrian property across the country.
In addition, you will find an exclusive interview with equestrian expert Antoine Sinniger, former director of both the International Equestrian Centre in Deauville, and the National Riding School in Saumur.
The report also includes local market comments from Leggett International agents across France, from Normandy to Provence. Each of these agents is an acknowledged expert in equestrian property, highlighting why the company has a unique breadth of expertise and market knowledge.