Oh la la new builds selling like hot cakes in France
Unlike some its' European neighbours the French property market has not crashed and burned in recent years due to an over active home building industry but it seems demand for new homes in on the increase.
Prior to the world wide recession new residential properties were selling at the rate of around 125,000 per annum, this figure fell to 79,000 during 2009 but thanks to various tax incentives established by President Sarkozy the number of new French property sales increased to 115,000 last year.
Although France has remained a popular choice for UK property buyers the majority of new build properties had been snapped up by local buyers keen to take advantage of the extremely low interest rates offered by French mortgage lenders and encouraged by the generous tax breaks.
As demand from the domestic market is expected to dip during 2011 the rising number of international investors is expected to keep the construction industry very busy.