Investors could turn to France after Spanish house price crash

of potential investors are said to be turning their attentions to France after the Spanish property market saw the shares of developers collapse.

Every year Brits choose to buy holiday homes in Spain but now it looks like France may be a better bet.

Brits hit by Spanish property market

According to the latest reports, hundreds of thousands of UK residents with homes in Spain have seen the value of their properties fall by as much as 65 per cent.

The worst hit areas are said to be recently bought property off plan where there is not enough demand.

French property market unlikely to crash

Things are looking up in France however, with a new president potentially hailing a new and positive era for the country's economy.

A price crash similar to the one in Spain is also said to be off the cards because of a few major differences within the two countries.

In France, issues such as unemployment, job insecurity and relatively tight borrowing restrictions has decreased the likelihood of a boom bust situation which Spain is currently experiencing.

If you enjoyed this article please Social Bookmark so that others can benefit ..... Bookmark with Onlywire

Related Articles:
Know your mortgage options when buying French property
A move to France doesn't have to be taxing
Insurance top priority when buying in France
Get a good view of French property
Get up to speed on French property deposits
Will you pick a survey for your French property
Get you French home out from under the hammer
French investors inherit foreign will system
Counting the cost of buying in France
Top tips for buying a French property