Sunday, November 23, 2008

France 'still a place to invest'

To hear some speak it may be believed that when it comes to property France has offered nothing more than a stable market with low growth and the prospect of a pleasant lifestyle. Some may say that both of these are very good reasons to invest - not least the first in the current circumstances.

Even so, the situation in France is more varied than that. Discussing the market in the country, director of Francemediterraneanproperty.com Peter-Danton de Rouffignac has noted that many parts of the country have seen very large increases in property value in recent years.

Writing for French Property News, he stated that this has particularly been the case for the major cities around the country. While the overall market has seen prices fall and may suggest a buyer's market - more so in the secondhand sector as many new builds are being bought up as social housing by the government - the major urban areas have boomed.

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