Parts of France 'avoided boom and bust'

Some of the most attractive parts of France have avoided getting into a boom and bust scenario in recent years, it has been stated.

Writing in the Irish Times, Isabel Morton noted that the Riviera and Paris have avoided the "boom and bust" seen elsewhere.

However, she said there is a slower rate of transactions and prices are down on the Cote d'Azur by around ten per cent, although "as per usual, well-located properties are still doing very well".

Such a situation may tempt those thinking of buying French property in the area, as it may be possible to pick up bargains before the market reasserts itself.

The Daily Telegraph reported this week that a recent drop in the number of British buyers in France could be attributed to the weakness of the pound, according to estate agents in the country.

However it predicted, with sterling recovering in value this situation will not last.

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