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French Investment Property: A Better Opportunity

By Parmdeep Vadesha

Republish: EasyPublish™ Published: 09Sep2008 Word count: 412 Viewed: 125 time(s) Get Free Content For Your Site

As the stabilisation of the UK property market continues, many people are beginning to look overseas. Overseas property investment in Europe is a popular choice. The culture, economy and proximity of western and southern Europe all combine to make it appealing. For many British people who are interested in investing in property abroad, France remains a popular option.

Being the world's most popular tourist destination, France has a high demand for rented accommodation in tourist locations. Aside from this international estate agent BBC says that the French mortgage market is becoming more liberal as more French lenders are offering 100% mortgages for the first time. Experts say that many investors who look to France are interested in mixing financial investment with lifestyle. For British people, the desire for a French way of life remains as strong as ever.

A survey of delegates at the recent Jet-to-Let Annual Conference in London showed that 13.3% of professional investors were planning to make investments in France in the coming year. A foremost international property investment website reports that some parts of the Côte d'Azur have seen price increases of as much as 22% in 2005.

One group of people who see France as a top overseas property destination of their choice is the UK's older generation. Retirement specialists Saga explain that retirees are favouring France due to reasons like health, better weather and relatively low property prices. Data from a 2006 study from the Institute for Public Policy Research revealed that over 3.3 million British pensioners will be residing abroad by 2050.

Industry experts say that the number of people with overseas property has been growing over the last two decades but it has grown a lot sharper in the last five years. Datamonitor reckons that the overseas property market - which was worth £44.4 billion in 2006 - will double in value between now and 2012. The company says British and Irish investors presently own 3.81 million properties abroad.

But despite the fact that these British investors have chosen to invest abroad, 54% of those surveyed at the Jet-to-Let Annual Conference are still keen on making investments at home saying that the UK market will get better. According to experts, the results show that these educated investors are able to comprehend the long-term disposition of property investment by taking advantage of better market conditions overseas, but still having medium to long-term belief in the UK property.

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