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Owners of property in France reassured by analyst

Article Date : Thursday, March 06, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

An expert has talked down recent figures which revealed that the rate of growth in France's housing market fell last year.

According to the Royal Institute of Chartered Surveyors, the value property in France went up by just three per cent in 2007 - down on the figure recorded 12 months earlier.

This has prompted concerns of a possible downturn across Europe, although these have been dismissed by some analysts.

Georgina Caldwell, deputy editor of French Property News, insisted that the drop in house price inflation was a "normal state of affairs".

Speaking to the Independent, she said: "I would be hesitant to describe this as a downturn - this is a steadying of the market."

Ms Caldwell added that rate of growth in the French property market had been affected by numerous factors, such as recent improvements in the balance of supply and demand.

The country has been rated highly in recent polls including a survey by A Place in the Sun magazine.

Research by the magazine found that it was Britons' second favourite foreign property market for the second consecutive year.
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