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Investors considering obtaining a French mortgage could not have picked a better time, according to the experts.

Financial analyst Consultancy Global Insight has said that the French property market is likely to remain “dynamic” in 2007.

The firm insisted that although there had been reports that the number of new home building projects in the country had dipped by 15.1 per cent from February 2006 to the same month in 2007, a crash was “unlikely”.

French property proving popular

Research from the Federation Nationale de l’Immobilier revealed that house and flat prices across the country rose by one per cent and two per cent respectively in February, compared to a month earlier.

Economist Sonia Pangusion said: “With the economic expansion seen in 2006 likely to remain broadly on track in 2007 and with continued favourable credit conditions, the French housing market will remain dynamic in 2007.”

Brits get French mortgages

Meanwhile, a recent survey by currency firm HiFX has revealed that France is still the most popular destination when it comes to buying property abroad.

Perks like the French railway which helps people to travel in France with ease means that families are still flocking to buy holiday homes and older couples heading there to retire.

They are often prepared to travel further but like the convenience of low cost airfare destinations to all parts of France. So a Provence Property is less than 90 minutes away.

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Feature, France, French Investments, French Property, Property Market, Provence

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