Saturday October 31, 2020

Investors eyeing French vineyards

Tina-Marie O'Neill: A new generation of Wine Geese is looking at chateaux with cash-earning vineyards.

8th December, 2013
Perigord Chateau, at €1.75 million, a listed 14th/15th century chateau on 11 acres in the Dordogne region

Where once the coasts of Spain, Portugal, Croatia and Turkey were awash with Celtic tiger cash, the ongoing global recession swiftly put paid to widespread Irish overseas investments about six years ago.

For many who did buy a foreign investment property, it was a punt that, in many cases, went sour in markets that, similarly to our own, experienced plummeting house values leaving buyers in negative equity and unable to sell their boomtime bolthole.

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