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France 'still has bargain properties'

Article Date : Wednesday, January 09, 2008       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 seeking an affordable foreign investment property have been advised to look at the French market.

According to the SaveBorrowSpend website, France's popularity among second home buyers has led many to believe that the country no longer has any bargains available.

However, the portal stated that this was not the case, as areas such as Burgundy and Pau offered a number of relatively cheap properties.

The website added that recent reforms by the French government had improved conditions for overseas property investors.

For example, the raising of the inheritance tax threshold means that only the most affluent people will be liable to pay the charge when they die.

SaveBorrowSpend said the changes introduced by President Nicolas Sarkozy had made France more "investor-friendly".

The country's appeal to British property buyers was also boosted recently by the introduction of a high-speed rail link between London and Paris.

Eurostar's new service allows people to travel between the two cities in just two hours and 15 minutes.
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