24 January 2008
French properties will not suffer from the current international financial instability experienced by many countries worldwide including the UK, it has been claimed.
Trisha Mason, managing director and founder of property company VEF, which sells to British people said the situation for buying had "never been better".
"Exchange rates will worsen during the year, house prices in the UK are likely to remain stable or even fall and house prices in France are likely to show an increase," she explained.
Popular areas include extreme north and south of France, while places like Corsica and the Cote d'Azure are also extremely sought after.
According to an Insee survey, French property prices went up by 5.6 per cent on average last year.
In addition to that, the Euro currency has gained approximately nine per cent against the pound since last November.
A total of 15 per cent benefit is hence awaiting investors. On average buyers tend to invest anything between £200,000 and £400,000 according to the property website, which could mean a return of £30,000 to £60,000 in a year.
Mrs Mason added that the character stone houses are much favoured by the overseas buyers and see their prices increase considerably.
