While France's real estate market has been insulated from the worst of the housing crash, the mood entering the New Year is subdued, as even prime property in the Alps have seen prices plunge. At the same time, as inflated values drop buyers are finding bargains, and the outlook is especially optimistic for the revitalized Marseille region, and for vacation property favorites Normandy and Brittany. See the following article from Property Wire for more on this.
France real estate
Nice, France
The French property market is bracing itself for a tough year ahead in 2010 but real estate experts do not expect a sudden recovery despite prices showing signs of stabilizing.
Although the global economic downturn has made the last 18 months hard for the real estate industry, France has benefited from not having an overpriced market and a system that is more cautious and less gung-ho in terms of lending.
It hasn’t seen the kind of boom and bust that has affected its neighbors in Spain and Britain.
