Investors can capitalise on the affordability of property in France

French property is looking like it could be at its most affordable for years, according to one expert.

Keith Baker, vice chairman of the National Association of Estate Agents International (NAEA), has revealed his predictions for the country's property market in 2010.

He believes that although the global economic downturn made it hard for the real estate industry, France has benefitted from not having an overpriced market and a more cautious approach to mortgage lending.

"French property is likely to be the most affordable for many years. Property prices are now at a more reasonable level of affordability and are set to continue stabilising in the coming months," he said.

"It is still a buyer's market and confidence is very much apparent. Good quality properties in great locations are always highly sought after."

The NAEA also stated that investors will be looking to purchase property in less risky and more stable environments this year.

European Union figures, released late last year, show that France and Spain are among the countries with the most foreign citizens living within their borders.

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