30 January 2008
Now may be a good to buy property in France, says one French expert.
Trisha Mason of French estate agency VEF reports that average French property prices are likely to appreciate by five to six per cent this year. She highlights Paris, Haute Savoie and Cote d’Azur as being the most popular places to buy property and fully expects above average capital growth in these areas.
Mason told Homes Overseas on-line: “British demand for French property is very solid at the moment. It now seems that everyone knows someone who has moved to France and this is having a snowball effect.
“With house prices in the UK likely to remain stable and property prices in France rising, and with the euro strengthening and the pound weakening, the differential between UK property prices and French property prices is diminishing.”
Editor’s comment
Buying property in France generally represents a low risk investment. The country is politically and economically stable and has a robust property market with a proven exit strategy.
Brits who buy property in France now may be able to benefit from an improved exchange rate – assuming the euro does indeed strengthen against the UK pound - as well as potential capital growth, depending on when they sell in the future.
However, there are some reports, which suggest that properties located across parts of the south west of France, may be currently overpriced – don’t be afraid to negotiate the asking price.
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