Investors benefit from boost in French property market

Nicolas Sarkozy's election as French president is helping to drive a surge in the country's property market, website holidaylettings.co.uk has reported.

Trevor Leggett, executive director of real estate firm Leggett Immobilier, commented to the site that new reforms by the incoming administration are helping to drive interest from overseas investors.

Buy-to-let opportunities

They are also encouraging greater investment in buy-to-let properties.

"Over the last 20 years I have spent living and working in France I have seen plenty of ups and down - now, for the first time since I first moved here, there seem to be major changes happening very quickly," said Mr Leggett to holidaylettings.co.uk.

President 'brings prosperity'

The real estate professional was very bullish on France's new president, comparing him to John F Kennedy for the enthusiasm and social impact he is making in the country.

Nicolas Sarkozy has brought greater dynamism and a 'feel good factor' to France, argued Mr Leggett.

The politician has introduced new tax breaks in the property market, as well as an overhaul of the wealth tax that is predicted will further drive demand for property.

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