Optimistic forecasts may bolster French property

The French property sector may be boosted by news that the Organisation for Economic Co-operation and Development (OECD) has detected improved indicators of future prospects for the country.

A report by the OECD has said that France, along with Britain and Italy, is showing "tentative signs of, at least, a pause in the economic slowdown", when the composite leading indicators of economic health are analysed.

This showed an improvement in France of 1.2 points in April, suggesting that the economic slowdown is losing momentum in the country, a key influence on the property market.

OECD indicators include production levels, the size of order books, labour market indicators and domestic trade.

An improvement in the French property market could be good news for those investing in the country.

The Bank of France has also suggested the country's economic slowdown is losing momentum, predicting the contraction in the second quarter will only be 0.6 per cent, instead of the 0.8 per cent previously forecast, Reuters reports.

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