Brits may opt for France over Spain

Brits who have been thinking of buying property in Spain may wish to reconsider and head for French investments after one expert described Spanish market as "subdued".

Last month, dozens of foreign property investors sold their stocks amidst fears of a Spanish property market crash with around four million facing a slump in property prices.

Spain market sees dramatic slow down

According to the Telegraph, the price of a home in Spain rose 270 per cent in the past ten years but this figure has seen a dramatic slow down in the last 12 months.

Mark Stucklin of Spanishpropertyinsight.com said that some areas in Spain were currently experiencing a "total crisis" and although some problems had been exaggerated: "What is beyond doubt is that the overall market is much more subdued than it used to be."

Last month, analysts Lombard Street warned: "The country [Spain] is over housed, households are over indebted and the construction industry continues to churn out houses.

"That is not good news for UK investors in Spain."

Things looking up for French property market

Things however, are looking up for the French property market, with changes made by new president Nicolas Sarkosy expecting to affect the market for the better.

His plans to get more people to own property rather than rent mean that investors could make a hefty profit if they buy now, with experts expecting a rise in house prices by 2008.

Breaking French Property News brought to you by 1st For French Property specialists in Dordogne property for sale.

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