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Property will boom in Sarkozy's France

The economic reforms expected from newly-elected French president Nicholas Sarkozy will strengthen the country's status as a favoured destination for investors in overseas property, according to property experts.

It is hoped that Mr Sarkozy's six-point election win - the largest right-wing victory in France since Charles De Gaulle - will lead to a transformation of the sluggish French economy, stimulating the property market.

Trisha Mason, of property agents VEF, said that the bureaucratic delays expected to accompany Mr Sarkozy's tax cuts and fiscal measures meant that British investors should invest as soon as possible.

"For anybody talking about seriously investing, France will become a lot more interesting - but people have to start to make a move now," she commented.

Confirmation of the upcoming strength of the French market was echoed by Penny Zoldman, managing director of Latitudes, who said: "It will make France much more property owner-orientated and therefore the market will be buoyant because even more French people will be in the position to buy."

Though unlikely to experience the capital growth of the emerging markets in eastern Europe, the established status of the French market - coupled with the knock-on effect of President Sarkozy's reforms - makes it a safe investment destination, with excellent returns likely for at least the next year.

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