Many Britons 'taking long-term view' of French property

Many British investors in French property are taking a long-term view of property values, it has been stated.

Writing in the Daily Telegraph, expat Frederic Raphael stated that a number of Britons have been struggling with the additional costs of buying and living created by the weakness of the pound against the euro.

He noted that for those who are looking to sell up in the south-west of the country, they will be "unlikely" to get the same price as they paid, something that may interest investors who do get the chance to acquire a property.

Mr Raphael stated that those Britons residing in France may enjoy the lifestyle as well as a relative lack of Anglicisation in the current climate, with the knowledge that eventually the cost differences will be eliminated by a strengthened pound.

Those keen on buying property in France and seeing the value of their property rise may have been encouraged by news last week that the country is no longer in recession.

France saw its gross domestic product increase by 0.3 per cent in the second quarter of this year.

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