Foreign Perspectives

Since then, the butcher has closed, the bank has closed and when we walked round the village in July the sheer number of boarded up shops was quite a shock. That’s what happens when a village is almost completely dependent on a single industry and that industry hits hard times.

Yet, even in these hard times for the wine industry, the English have been busy buying up vineyards in the area. More intrestingly perhaps is that they are much more successful at running the vineyards than the locals. Whereas the locals simply can’t shift their 2‚€ wines, the English are selling their stock at 25‚€ a bottle. How come? Simple really: the locals are trying to sell the cheap plonk that they’ve always sold in the way that they’ve always sold it but peoples’ tastes have changed. They drink less wine these days but it’s higher quality wine that they drink nowadays.

It’s not just the vineyards that the English are buying in the area. I’m told that some 90 English familes have bought property in Paziol for instance. So many in fact, that Paziol is pretty much an English village now.

Other indications that things aren’t good economically in this area is the closure of the Rolex shop in Perpignan. OK, people aren’t going to nip out and buy a Rolex every day but it is an indication that there’s a distinct shortage of money across the Pyrenees Orientale.

The downturn in the wine business has depressed property prices even more in an area that’s still relatively affordable so perhaps now would be a good time to buy in this area.