French property tipped as profitable area for investors

French property has been described as a potentially favourable area for investment, with certain regions emerging as surprise hotspots.

According to property specialists Assetz, the conditions for overseas property investors are currently positive in France, with the country seeing its largest degree of growth since 2000 in the second quarter of this year.

The French economy, the second largest in the euro-zone, saw a GDP increase of 1.2 per cent between April and June this year, compared to 1.1 per cent in the first quarter of 2006.

In terms of particular areas of the French property market, Alex Charles of Creme de Languedoc told Assetz that the region of Languedoc-Roussillon has seen its prices rise ten per cent a month in some areas.

Furthermore, a survey by Abbey National has found that this territory is currently the most popular area among UK overseas property investors, with the majority of buyers willing to invest between £50,000 and £150,000.

One of the attractions of the region is believed to be its starting prices, which are substantially lower than Languedoc-Rousillon’s neighbour Provence, offering investors there the opportunity for significant returns.

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