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House prices increasing in France

Article Date : Tuesday, July 24, 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

House prices in France are on the up with UK property buyers currently in a position to take advantage of investment opportunities, it is claimed.

Rightmove Overseas has said it has received 251,824 French property searches last month alone with popular provinces including Brittany, Normandy and Languedoc-Roussillon.

In addition, the south of France is emerging as the most popular region with investors and holidaymakers seeking a traditionally French way of life and hot temperatures.

"Whether on a buying trip or holiday to the South of France, expect rental prices to reflect the popularity and status of the destination," Rightmove Overseas head Justin Figgins said.

"Sarkozy's plans will not take effect until later in 2008, giving investors time to purchase French properties before the boom and watch the price of their properties quickly appreciate," he added.

Meanwhile, according to Cluttons France spokesperson Olivier Morvan, many British residents are choosing to spend their retirement in the French Riviera.

While the Spanish Costas have been the destination choice for many retirees, "the French Riviera has a certain prestige," he said.
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