Holiday Rentals News - Older French properties 'set to rise in price'

Older French properties 'set to rise in price'

Those looking to invest in French property should consider older properties as they are the most likely to rise in price, one expert claims.

Trisha Mason, founder and managing director of Vivre En France (VEF), explained that while the value of property in France has fallen in the first quarter of 2008, the market should now pick up.

"Capital growth of the finite supply of old stone properties continues and we anticipate seeing ten to 15 per cent growth in prices of older property during 2008," she said.

The cost of newer properties and apartments should remain stable over the course of the year, she added.

However, location is a factor and some areas will see growth of up to ten per cent for most kinds of properties, she concluded.

Figures released by France's national association of estate agents show that property hotspots in the country include Le Havre, where the average value of a house increased by 13.1 per cent in the year to March 2008, and Biarritz where it rose by 8.2 per cent over the same period.

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