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Rises expected in old French property
13 May 2008
Older properties in France could rise by as much as 15 per cent during 2008, despite a fall in house prices in the first quarter of the year, an expert has said.
Trisha Mason, the founder and managing director of French property consultancy firm VEF UK, said the first three months of the year are always slow in France.
Foreign investment in old rural properties is likely to fuel a rise in the market, while newer properties and apartments which are traditionally bought by home-based investors are expected to stay at a similar level.
Ms Mason said capital growth of old stone properties could increase by between ten and 15 per cent this year.
She continued: "We also anticipate that prices of newer properties and apartments generally will remain stable.
"However, the location is also important in considering capital growth and there are certainly some areas which will show up to a ten per cent increase in most types of properties again this year."
Website french-property.com had earlier moved to assure investors there will not be a crash in the property market despite the drop in the first quarter of the year.
