Is acquiring a castle in France a realistic project for all types of budgets?
One of the first aspects that the potential buyer of a castle will examine attentively is of course the acquisition price. From this point of view, the market is currently more profitable for buyers. Since the 2008 real estate crisis, the agencies estimate that prices have fallen by about 30% in this specific market. In fact, an increasing number of castles are on sale and potential buyers are therefore in a strong position. In summary, the current situation is generally favourable to this type of real estate transaction.
In regards to the acquisition price, it can vary from 500,000 € to more than 1.5M €, depending on the property. Indeed, many different factors come into play, which can make the value of a castle fluctuate significantly. For example, the overall condition of the property that might involve renovation work, will have to be taken into consideration at the time of purchase. Similarly, the location is also a major aspect largely considered by future buyers. Finding a property in the Paris greater area or near the coastlines will definitely be a major achievement, while regions such as Poitou-Charentes or Auvergne will be more accessible.