Owners of property in France reassured by analyst
06 March 2008
An expert has talked down recent figures which revealed that the rate of growth in France's housing market fell last year.
According to the Royal Institute of Chartered Surveyors, the value property in France went up by just three per cent in 2007 - down on the figure recorded 12 months earlier. This has prompted concerns of a possible downturn across Europe, although these have been dismissed by some analysts.
Georgina Caldwell, deputy editor of French Property News, insisted that the drop in house price inflation was a "normal state of affairs". Speaking to the Independent, she said: "I would be hesitant to describe this as a downturn - this is a steadying of the market."
Caldwell added that rate of growth in the French property market had been affected by numerous factors, such as recent improvements in the balance of supply and demand.