May 29, 2014 / PRNewswire –There are clear signs that the Property Market in St Tropez is emerging from 5 years of relative inactivity. Brought to an abrupt halt by the financial crisis of 2008, it is now showing all the signs of a market on the road to recovery.
Quality properties are coming to the market for the first time, development activity is increasing, property viewing numbers are sharply up and trophy properties are being discreetly offered to carefully selected people.
This wave of new activity is the result of many factors including, the global economic recovery, the gently depreciating Euro and the perception of buyers that there are solid opportunities to purchase stock that has been on the market for several years at realistic prices.
St Tropez Estate Agents Hutchinson Bell (www.hutchbell.com) are seeing increasing volumes of buyers by the week, from all parts of the world.
David Hutchinson commented. “There is definitely something in the air. For the past 5 years, viewings let alone sales were non-existent. This year has seen a complete reversal of this as buyers feel that the market has bottomed out and that there are deals to be done”.
Whilst buyers sniff some opportunities, sellers have become more realistic in what they will accept. This is inevitable after years of inactivity and is the catalyst that restarts dormant markets.
“St. Tropez is St. Tropez. It’s a luxury, global destination and has been for nearly 100 years. As it is an area for international buyers, its fortunes will reflect that of the global economy. But what is interesting this time, is the emergence of new buyers from parts of the world not yet associated with the South of France, such as India and the Far East. These buyers clearly have an international reach and see the opportunity to buy quality assets in an enduring luxury market, at prices much reduced from the heady days of 2006/7”, believes David Hutchinson.
Hutchinson Bell’s website is testament to the quality of what is now available. “We only list the very best properties. We also now have a selection of exceptional properties (including development opportunities), which are not on the open market”.
Notes to Editors:
For Further Information, contact:
+33 (0) 603 23 28 48
Hutchinson Bell EURL,
Place Celli, 83990 St Tropez, France.
Tel: +33 (0) 494 97 61 30