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'Never a better' time to invest in France
24 Jan 2008
Investors in French property are likely to see similar house price increases to those the market experienced this year according to a firm with experience in the area which says "never has it been better".
Noting exchange rate changes, a slowing UK property market and the amount of interest expressed at a property exhibition, VEF managing director and founder Trisha Mason, said now is a good time to invest in France.
She said: "Never has it been better. Exchange rates will worsen during the year, house prices in the UK are likely to remain stable or even fall and house prices in France are likely to show an increase, especially the character stone houses so favoured by the overseas buyer.
"The laws of supply and demand mean that well located properties of this kind increased in value by around 20 per cent last year and are likely to show a similar increase in 2008."
According to the company, a cash budget of €200,000 (£149,526) would yield five per cent to six per cent capital growth over a year and with the nine per cent rise in euro to pound conversion in one year, an investor could see a 15 per cent return.
