France seen as the best investment

                                                                                         

With the global credit crunch having affected so many different economies around the world, not least their property markets, more and more experts seem to be singling out France as a shining beacon of hope.

This view may have been epitomised by an article on land values in Australian paper the Melbourne Age, which said that the whole of the western world had a tendency to put "real estate speculation on an untouchable pedestal" - with the one exception being France.

So is France the stable and safe property market which has avoided the effects of the credit crunch, thus offering a fine buyer prospect? It would seem so, according to property expert Cherise Williams. Writing in French Property News, she said the market in the country is expected to outperform Britain and Ireland and the country as a whole has suffered less from the subprime crisis than the UK, while the falling value of the pound against the euro and low eurozone rates make this a lucrative time to invest.

Most of all, she suggested, the key factor in investment in French property is the fact that prices are still rising. She noted this year is expected see an increase of between six and eight per cent in house prices in France.

However, Ms Williams suggested, those who target the right locations will see their investments do even better: "We expect prices in key areas within the Languedoc, Dordogne, south Limousin and Lot-et-Garonne to rise above the national average predictions, perhaps with growth of up to 15 per cent. Older stone properties in particular should see the highest price rises. Such properties are much in demand and obviously of limited supply."

All this gain can be achieved after buying at prices which are initially lower than their UK equivalents, French property portal VEF has stated. Declaring its comparisons of similar properties in the UK and France over the past year, it said "amazing" results had emerged. These
included the comparison between the average price in the south-east of England (£443,986) and the south-eastern French region of Provence (£307,889), a difference of 30 per cent. In addition to this, it noted that Limousin in the heart of France was 53 per cent cheaper than the English midlands, while Brittany was 30 per cent cheaper than the north of England.

VEF declared that in the circumstances, "never has there been a better time to buy a property in France," adding that Amanda Lamb, presenter of TV property show A Place in the Sun, said France would be her destination of choice.

In view of the situation right now, investors in property overseas may just look to join her.

In today's world Property investment is an excellent investment option especially investment in UK

About the author:
Jim Barnaby is a real estate investment broker and successful property investment adviser delivering research and selected UK and overseas property investment solutions with experience in spanish properties, french property investment, German property, Cyprus holiday homes, Property in Cape Verde, German property investment, cape verde property buy to let property


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