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Category : Europe

Date : 14 July 2008

France_'a_buyer's_market'

France is proving to be a "buyer's market" at present for UK investors, it has been stated.

Director of overseas property firm Property Abroad, Les Calvert, used the term to describe the state of the French property market, which with prices now falling is offering many bargains.

Because of this, he stated, now is a good time to buy before French property prices rise again, even though many UK buyers are under financial pressure because of the credit crunch and rising prices.

"People are aware of that [financial pressure] and they know that, yes, things might be hard but if they don't buy now when things return back to normal it will cost them even more," he commented.

Citywire reported last week that property price trends in France appear to be subject to significant regional variations.

This included areas like the Var seeing price falls, while Paris, Nice and the Cote D' Azur are all holding up well.


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