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2010 set to be a very good year for French property
09/03/2010
France is set to be one of the top property markets in 2010 in terms of popularity with foreign buyers according to several reports.
According to the recent survey from HomeAway.co.uk and Savills foreign buyers in 2010 will predominantly be wealthy lifestyle buyers, buying in cash. These will be looking only at the established markets, with France property being among the favourites.
These buyers will be going for ultimate luxury and exclusivity at a bargain price. The chateaus in France's premier region on the French Riviera fit this bill perfecty.
They are super-prime properties, homes of the rich and famous, but currently they are selling for 40% or even 60% less than they would have been in 2007. Add to that the fact that these prices are not expected to stay around for much longer and it points to a huge surge in demand on the Riviera.
The pound is also expected to strengthen against the euro as this year progresses, which will boost the popularity of Eurozone property, which of course includes France.
France will also be a favourite say the experts because it is one of the few Eurozone countries that is not making the news because of its budget deficit, and is making the news because property prices have not fallen by anywhere near as much as they have in most countries -- inside the Eurozone and out.
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