Strong house price surge in France but weakness ahead - news from ibtimes.com 03 Apr 2012: House prices in France rose by 4.3% (1.8% when adjusted for inflation) during 2011, according to the National Institute for Statistical and Economic Studies (INSEE). However rougher times lie ahead: nationally French property prices could drop by 5% to 6% in 2012, forecasts Credit Agricole, which also predicts an 8% decline in sales.
BUT this report is for all of France. The French Riviera bucks all trends and properties along the coast continue to increase in price and value. Last report for the Cote d’Azur showed amazing increases in both prices and number of transactions.
Jackie Pressman at French Riviera Property Search, continues to advise that investment clients purchase in the main rental area of Cannes so that they can take advantage of all the winter convention rentals and summer tourism rentals, and still use themselves in-between completely free of cost – what could be a better use of capital? Use it plus see the capital gain increasing. Our clients love this.