The sale and purchase of second homes in the Côte-d'Or is a niche market Burgundy Home & Services

Newspaper - BIEN PUBLIC - May 2013

This article appeared in the BIEN PUBLIC - May 2013

The sale and purchase of second homes in the Cote d'Or is a  niche market: Parisian and international clients

Burgundy: According the the Burgundian tourist office, there were 83 796 second homes in Burgundy in 2011. 

Trends: The further south a house is situated in the region, the more expensive it becomes.

Second homes in the Côte-d'Or only account for just over 5% of available properties. And the department is divided into two. 

Article extract 

The financial crisis has affected the property market.

There was a time when overseas purchasers were interested to buy in the Haute Côte-d'Or (Swiss, Belgians and Dutch in the 2000s, English between 2004 and 2007, Americans after the film Le Chocolat, was made in Flavigny-sur Ozerain). This demand has now disappeared. The crises affected Europeans particularly. However, the south of the department--the wine-producing areas--and associated small villages are still much sought after. 
"Our clientele is, above all, Anglo-Saxon," said Beaune property solicitor Anne-Gaël Pary-Avril. "In general, it's wine-lovers and people who enjoy French cuisine." 

This trend is confirmed  by Caroline Gigandet who runs Burgundy Home & Services in Beaune, a company which advises and helps clients wanting to invest in property or live in Burgundy. "My business is very active even though I started six years ago during a period when the market was hardly euphoric," she said. "There is always a demand and it's quite varied: Australians, Norwegians, Americans, and sometimes Parisians."

And Dijon residents, you might ask? Apart from those who already have family homes, they don't look for second residence in the  Côte-d'Or. This surprises the professionals. There are some bargains to be had at this point.  

Read the article
This site uses cookies. By continuing to use this site you agree to the use of cookies.
Read more