French property boost as ECB signals wind-down of stimulus

The European Central Bank (ECB) has revealed that it is to wind down its stimulus package in recognition that economic conditions are improving.

Measures to boost liquidity will be gradually scaled back in the coming months, ECB president Jean-Claude Trichet announced.

At the same time, the body held interest rates, maintaining the primary refinancing operations level at one per cent, something that may help keep the cost of euro mortgages down.

The improvement in conditions in the eurozone economy - which is now out of recession - may spell good news for investors in France, as better circumstances could help the growth of property values there.

One place in France that buyers might wish to look is Paris, according to a recent Daily Mail feature on the French capital.

The paper pointed out that because it is built up with little space to expand and has high level of buyer demand, the city will always hold its value.

Another advantage it noted was its ease of access, being two hours and 15 minutes from St Pancras via the Eurostar.

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