Interest in French property gathering pace

Demand for French property is currently on the increase, as the latest Global Hot Spot Index from foreign exchange specialists HIFX has reported that 45 per cent of people have enquired with the company about France.

Partly down to recent interest in leaseback schemes, it is now believed that the property market in France is now an attractive proposition to both buyers of holiday homes and investors.

The current time of year is also an important element in the rising interest in French property, according to Mark Bodega, marketing director for HIFX.

"As people start their summer holidays their thoughts inevitably turn to buying abroad," Mr Bodega told Overseas Property Professional magazine.

"France remains a firm favourite with British holiday home owners and property investors alike."

Among the attractive features of French property identified by HIFX are the "guaranteed" rental returns and a 19.6 per cent VAT discount from the purchase price.

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