France property market 2007

A leading market economist has said that France is set to become the ideal place for savvy investors to buy property, it has been reported.

Jean Luc Brouillet, managing director of one of France's leading banks, told news provider Functionpix that country is the "new destination for long term European growth".

He added that this year has seen the most significant jump in terms of foreign property investment in France.

Land and property purchases in France

But why are so many Brits choosing their nearest neighbour as the best place to purchase a holiday home or to retire to?

Mr Brouillet explained that the main reason is because France offers "an amazing quality of life, coupled with traditional family values and a strong market economy".

He added that factors such as the country's close proximity to Britain, cheap property prices and affordable services were also encouraging investors to the market.

"Towns and villages around the Upper Normandy Seine Valley have proved very popular with British buyers due to it's proximity to ports such as Le Havre, Dieppe and airports at Rouen," he said.

Guides to investment in France

According to Functionpix, those who choose French buy to let mortgages are almost guaranteed a return of at least 22 per cent a year across most regions in France.

Some regions such as Normandy are particularly profitable and can fetch more than a 30 per cent increase.

With interest rates in the UK on the rise and tourists preparing to flood into France during the summer months, now certainly looks set to be a good time to buy for the first time property investor.

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