French market "ripe for investment"
17 August 2007
The French property market is experiencing sustained growth thanks to continued demand from foreign investors, SPC Overseas claims.
The property investment company told Homes Worldwide that there are several mini growth markets in France where prices are finally beginning to catch up to the rest of Europe.
Anthony Fernandes, director of SPC Overseas, explained that France's popularity among holiday home buyers has led to a shortage of new properties, which is pushing prices up and creating a very "ripe" climate for investors.
"The next ten years will see France play catch up to other European markets and investors can expect to see tremendous returns," he remarked.
He said one area that is "showing all the signs of being a superb area to invest in" was Brittany, where demand from both local buyers and overseas investors is high.
Your Mortgage magazine also sees this trend in France, explaining that western European countries are now seeing a price boom similar to that experienced in the UK over the last decade.