Another place we are purchasing – this time an apartment in Provence with friends
We weren’t intending to buy multiple properties on our last trip to France but it is hard to look past great value properties in great locations. We actually had intended to look for some property in Provence but ended up first purchasing the house featured in last month’s newsletter near our original house (in Le Boupere if you were interested in its location). We saw this apartment in Isle-sur-la-Sorgue in the Vaucluse region of Provence which we thought was good but had already extended ourselves enough. It wasn’t until some friends of ours expressed also interest in Provence that we came up with the idea of going in together. We also learnt about how to set up a French property company which seems to be the way to go with multiple parties involved.
This first floor apartment has a good sized built in kitchen, a decent sized bedroom and a large separate living area (which can sleep a few more people if needed) with a wrought iron balcony overlooking a nice square with many cafes. It is nicely appointed and comes furnished already!The best thing about the apartment though is its location in Isle-sur-la-Sorgue. Known as the Venice of France, the town is built on the islands of five branches of the Sorgue river and has many waterways, waterwheels and bridges. Being a medieval town, it has a 12th century church, narrow rues and many cafés/shops. Isle-sur-la-Sorgue is renowned for its antique shops and markets which are the second biggest outside Paris. Sunday markets fill the whole of centre ville and they must be close to the best markets in France. It is only 20 minutes by car or train from Avignon. As it is in the middle of Vaucluse, Isle-sur-la-Sorgue is a good base to explore the area
We found property in Provence much more expensive than any property we have seen outside of Paris but as it is a popular tourist destination, rental prices should compensate for this. The property had an asking price of 110,000 euro (excluding fees) but we agreed to a price of 105,000 (all fees included) – still this is only $87,500 AUD per couple. We are going through the document signing process, so a long way to go yet – it should settle around the same time as our Le Boupere property, all going well and fingers crossed. To see more photos of the apartment and town, click here.