About Us Contact Us Site Map

Sarkozy win could boost French market

British buyers looking to invest in overseas property could pick up great value housing in France, following the recent election of Nicholas Sarkozy as president.

A recent slowdown in the French housing market has been related to a public anticipation of massive economic changes following Mr Sarkozy's election, with his Thatcherite tendencies expected to stimulate the stagnating national finances.

A housing boom similar to that experienced in Britain is hoped for, with Mr Sarkozy aiming to create a trend of property ownership, as opposed to the traditional continental emphasis on renting.

However, in speaking to the Daily Express, British expatriate Jim Piper expressed concern over the market, saying: "When absolutely everybody starts wanting to own a home then prices traditionally rocket. We'll do well out of a boom since we've already got our house but I fear for those coming into the market over the next year or two."

While Mr Piper's worries may be well-founded, it is more likely that economic reforms from President Sarkozy will face some initial opposition, thus slowing a housing boom and creating a longer period of potentially profitable investment for UK buyers.

British investors could either choose to 'cash in' when a property boom kicks in, or capitalise on rising prices by taking advantage of an ensuing preference for rented accommodation.

Related items

Documents and Reports

	France property investment report (447Kb)
	France property buying guide (1Mb)
	France country guide (991Kb)
Documents and Reports

Recent articles

Low-cost airlines remain popular

Eurostar carries record number of passengers

Traditional markets attract British families

France attracts American visitors

Other related pages

Bookmark with:	What are these?
DeliciousDiggredditFacebookStumbleUpon