Tuesday, 22 March 2011

Price rises in France tempting investors

A growing number of overseas investors are looking to take advantage of rising prices in France, it has been suggested.
According to the latest monthly report from Rightmove International, internet searches for real estate in the country have risen dramatically.
Indeed, the firm explains that included within its top ten climbers were several French regions.
The Midi-Pyrenees was up 6.87 per cent, Alpes-Maritimes up 6.53 per cent, the Loire Valley up 5.59 per cent and the Pays de la Loire which was up 2.5 per cent.
It comes in the wake of new figures which show that residential home values in Paris increased by almost 18 per cent in 2010, following after a four per cent decline a year earlier, according to Paris Chamber of Notaries.
Righmove added that other top climbers were Ireland, up four places and Germany, up one place, with price making a big difference according to Robin Wilson, head of Overseas at the firm.

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