France tipped as good place to buy property at auction
22 August 2009
France can offer some good opportunities to save money at property auctions, it has been stated.
Investor magazine French Property News noted that while there are not a large number of properties going for sale in this manner, there can often be bargains to be had when there are.
As well as this, buyers can save on agents' fees and it is a good way to pick up unusual houses, the magazine suggested.
The publication advised that those who are planning to buy this way should attend a few auctions first to familiarise themselves with the process, as well as either being fluent at French or in the company of someone who is.
It also noted that when the bidding ends, there is a ten-day period in which anyone can bring a house back to the auction by putting in a new offer of at least ten per cent more.