France: a beacon of hope?

Experts are singling out France as the ideal place to invest during the subprime crisis…

Property expert Cherise Williams of VEF, believes that the French market will outperform Britain and Ireland this year: She stated: “The country as a whole has suffered less from the subprime crisis than the UK, and the falling value of the pound against the euro and low eurozone rates make this a lucrative time to invest.

”The key factor in investment in French property is the fact that prices are still rising, with an increased between 6 and 8% expected this year.I expect prices in key areas within the Languedoc, Dordogne, south Limousin and Lot-et-Garonne to rise above the national average predictions, perhaps with growth of up to 15 per cent. Older stone properties in particular should see the highest price rises. Such properties are much in demand and obviously of limited supply."