France offers property investors a low-risk, value for money option when it comes to real estate, it has been claimed.
A growing number of British property buyers are now looking at investing in the market, with the country accounting for more than 40 per cent of all mortgage enquiries from Brits buying overseas.
Speaking to A Place in the Sun, Patrick Joseph, of property portal My-French-House.com, believes that stable prices and close proximity to the UK are the main factors behind the trend.
"Property in France doesn’t devalue and although the financial gains won’t be dramatic there is an almost guaranteed return on investment over time," he said.
Indeed, it would appear that the long-term security offered in France is an attractive prospect for investors, particularly those who have experienced market volatility in other parts of Europe in recent years.
According to France’s national association of estate agents, the FNAIM, there will be price rises this year between three and six per cent.
Sunday, 27 March 2011
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