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French property goes from strength to strength

French property goes from strength to strength

The French government is being credited for the success of the healthy condition of the property market thoughout the country.

Financial measures introduced has helped the French property market avoid the boom and burn conditions experienced in many other European countries during and since the recession hit.

Investment in South of France property has exploded over the last year helped by fantastically low interest rates. Some French mortgages have been offering finance at just 3.3 per cent.

One area that has seen a dramatic improvement in sales is luxury accommodation in Cannes. Sales of real estate valued at above 100 million Euros have increased by 75 per cent.

In a very uncertain economic climate across the world international investors are more confident that buying property in France leads to a more secure asset venture that will yield good return in the long term.

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Published: 09-Feb-11

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