French Alpine property holding its value well

Investors looking for real estate in France may be interested to learn that Alpine property holds its value well, even in tough economic times.

According to an article by the Essex Gazette, the destination has performed strongly despite many other regions struggling through the recession.

The news may have an impact on the number of individuals looking for Rhone-Alpes property, with the destination benefiting from being a popular tourist region.

Simon Mansfield, of estate agent Charltons in Chelmsford, said that any drop in value experienced in the overseas property market needed to be looked at in context.

He told the news provider: "The Alps differs in that there are strict limitations on development, thereby controlling supply against the high demand, well managed investment in infrastructure and a clear and controlled buying process backed by strong financial procedures.

"France is showing itself as the secure asset and in turn selected demand for property in the French Alps has stood up exceptionally well."

Holiday rental service Cottages4you recently claimed that France was the ideal destination for families to visit.

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