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French economy remains robust

10th November 2005 | back to article listings BACK    print this article PRINT

New research in France has found that the country's economy looks to be showing signs of good growth over the coming months.

In an announcement that will be welcomed by property investors in the region, Insee, the official statistics institute, revealed that the overall economy grew by 0.7 per cent during the third quarter. This growth is likely to encourage more property investors who have been put off over the last 12 months by the Europe-wide trend of slowing economies.

The housing market is one are that has particularly suffered during that slowdown, as can be seen from the experience in the UK, where inflation in consumer spending has ground to a halt along with property prices. But with signs of a recovery on their way in a number of countries in the established European countries, including France and the UK, there could be many opportunities for property investors.

Rental yields are set to go up as the economy looks to bounce back from its recent slump, meaning that investors are likely to see improved returns. The promising signs in the market also suggest that investors will need to begin investing in property once again if they are to take advantage of the dip in prices that has been seen. That is certainly the case in the UK, where property prices now appear to have bottomed out.

In France, the Insee announcement means that the country remains on target for its proposed growth of between two and 2.5 per cent growth during the course of 2005. that was the view of France's finance minister Thierry Breton and that declaration highlights the country's market potential for investors, as it reflects the region's stable economy.

While the country will have to wait and see what effect the rocketing oil prices will have on the overall economy, it appears that the housing market can gain some benefit from the growth and investors will be eager to take advantage of the favourable market conditions.

There had been concerns voiced in the UK that property prices in France could put off future investment in the country, but in October French property investment expert Penny Zoldan expressed the opinion that this was not the case. That view now appears to have been justified, with the French government's pronouncement of a robust economy suggesting that the French property market will provide a solid investment opportunity.

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/2313.html. Alternatively, please see our full press release archive.

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