France IS the place to buy a home
Property activity in France has risen slightly in the second quarter of 2012 according to the latest European Investment Market Update from globally integrated real estate research company DTZ.
The research highlighted that three quarters of real estate investment transactions took place across Europe’s three largest markets, the UK, France and Germany, with volumes reaching €18.7 billion.
The biggest post in property volumes occurred in France with sales up 114% (including commercial property), rising to €4.2 billion, indicating that given sustained uncertainty surrounding the Eurozone crisis, investors are continuing to focus on the safety of large, well established property markets.
Matt Frost from French Mortgage Xpress agrees ‘It is clear that France’s perception of being a stable environment for property buyers still prevails’.
‘Over the years French property has enjoyed practically constant success, and with the Euro plummeting to new lows against the pound and the lowest debt in Europe, it’s no wonder that real estate investors still view France as a wise property move’ he added, ‘Indeed, with a strong reputation and the opportunity to get more for your money, it seems many are making their dream of escaping to France a reality’.