French property market 'robust'
Investors have been encouraged to take advantage of the
"robust nature" of France's property market.
The country's real estate sector has the potential to offer
double-digit returns to investors, property firm Experience
International said.
According to the latest Knight Frank Global House Price Index,
France recorded a 9.5% annual rise in property prices during the
fourth quarter of 2010, compared with the same period in the
previous year.
Steven Worboys, managing director of Experience International,
said: "Surpassed within Europe only by Latvia and Austria, the near
double digit annual price increase is highly indicative of the
robust nature of the French property market.
"The unique conditions we find ourselves in today with the
lowest interest rates since WW2, strength of the pound and rising
prices make this the perfect time to buy."
Copyright Press Association 2011
