French property attracts new investors
International property investors disappointed with investment is some of the more troubled Eurozone countries are choosing real estate in France to boost their portfolio interests.
French property experts say the country’s property markets offer overseas investors a safe investment as house prices are more stable and the economic outlook is proving strong despite outside pressures.
The region of Provence has international appeal for the second homes market and local agents report a substantial increase in overseas buyers interested in the local markets where sunshine and year round sporting activities are widely available.
Another area expected to attract wealthy investors is Monaco since the introduction of a new law that has meant a reduction on the amount of tax payable on property – the rate for personal property purchase has been cut from 7.5 per cent to 4.5 per cent.