French property and accumulating value in tough times

Times have been a lot tougher recently for everyone, as the financial crisis and recessions across the globe have paid testimony too.

So when times are tough, should you follow the herd instinct which for many over the last couple of years has been to sell up and move back to the UK?

Well, there are various elements to think about and there is no right or wrong answer because everyone's case is individual and should be treated on its own merits.

However consider that with so much property for sale relatively it can take a long time to find a buyer, and if you need that money to come back to the UK then you should not put all your eggs in one basket and almost suspend your life whilst waiting for a sale!

Remember that French property often takes in the region of around five years to get a fairly decent return. So a quick sale is not really an option from the financial point of view.

If you find yourself in France and unemployed, it is worth considering that if you've worked for at least six months, you may be able to get the equivalent of the job seekers allowance, called ASSEDIC payments. You just go to the ASSEDIC office and then submit to the process.

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French property and accumulating value in tough times