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French feeling good about Sarkozy

The recent election of charismatic new president Nicolas Sarkozy is likely to boost the market for investment property in France, claims one industry expert.

According to Trevor Leggett, executive director of real estate firm Leggett Immobilier, the new leader has instilled a sense of possibility in the French people and raised hopes that its economy can emerge from its recent stagnation.

With fiscal reforms on the horizon, the market for buy-to-let investment is likely to be invigorated, while property prices across the country should experience some rapid growth due to increased international confidence in France.

Mr Leggett commented: "Over the last 20 years I have spent living and working in France I have seen plenty of ups and downs – now, for the first time since I first moved here, there seem to be major changes happening very quickly."

He asked: "Is our new President, Nicolas Sarkozy – or Nicolas, as he prefers to be known – France's answer to John F Kennedy in the States?

"His enthusiasm seems to be creating the dynamism that France could really do with – perhaps the 'feel good factor' is now arriving in France!"

Mr Sarkozy's economic changes include a revamp of the inheritance tax system.

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