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France's property market 'a safe bet for investors'

Article Date : Monday, May 21, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Investors have a better chance of making a profit in France than they do in Spain, according to one expert.

Trisha Mason, managing director of property firm VEF, said that France is a "mature" economy with a "safe" property market, which is set to improve under the presidency of Nicolas Sarkozy.

Comparing the market to neighbouring Spain, where inflated house prices are undergoing a correction, Ms Mason said that France offers more lucrative opportunities for investors.

"France we know has about 30 per cent in it that it can afford to go to before it gets over-inflated. And I think we're going to see that happening now."

She went on to say that although the French market would not match the capital growth witnessed in eastern European countries, its established market makes it a safe choice for "medium to low risk" investors.

According to French property agents Latitudes, the election of Mr Sarkozy will cause property prices to rise across the country as investors become more confident in the economy.
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