France 'set to boom for property investors'

16-May-2007

In news which may be of interest to first time home buyers, the French property market is set to boom, it has emerged.

According Trisha Mason from property firm VEF, although France will not produce the levels of growth available in some areas of eastern Europe, the country is set to grow rapidly under its new president.

Indeed, the company believes that the French property market sufficient flexibility for around 30 per cent growth before becoming overheated.

"France is good because it's a mature economy; it's a safe property market but, but it's not going to produce the capital growth that some Eastern countries do," said Ms Mason.

"I think as a destination to make profits from property it's better than Spain already. The Spanish market has fallen flat on its face at the moment," she added.

Nicolas Sarkozy officially became France's president today, replacing the incumbent Jacques Chirac.

To find out more about buying a property abroad to get onto the property ladder click here.

2008: Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar