IMF forecast may boost French property

The French property market may be set for a boost as the International Monetary Fund (IMF) predicted that it would be the best performing of the large national economies in the eurozone next year.

In its latest World Economic Outlook projections, the body said that France will see a 0.9 per cent rise in gross domestic product (GDP) in 2010, compared with a 0.3 per cent rise for the eurozone as a whole.

Germany will see a 0.3 per cent rise and Italy 0.2 per cent, it predicted.

Such a situation could see the French property enjoying better prospects, as a stronger national economy may help underpin prices and bring unemployment down sooner than in other countries.

Among other places tipped for growth, the US was projected to see a 1.5 per cent rise in GDP.

And the newly-industrialised Asian economies are anticipated to grow by 3.6 per cent, something that may interest those thinking of investing in Thailand or Malaysia.

France is a highly stable market where mortgages of 100 per cent loan-to-value have been easier to get than elsewhere during the credit crunch, director of overseas mortgage brokers Conti Clare Nessling recently told the Independent.

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