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South on top in France

16th July 2008 | back to article listings BACK    print this article PRINT

With recent news about the French property market being somewhat mixed, those investing in property in the country might wonder which areas are still doing well and which ones are not.

The answer, it seems, is that the south of France is doing best, with the appeal of the popular Cote D' Azur and other localities in the region remaining strong.

French magazine L' Express found this to be so in a recent survey, reports Homes Worldwide. This part of the country is the best to live in according to a range of factors mentioned by respondents, including the levels of education, quality of shopping and employment prospects. Haute-Garonne scored particularly well with the young and families, while Hautes-Alpes was best for the over-50s, based on criteria such as healthcare and cultural activities as well as the prices of properties themselves.

Another finding was that rural areas that have kept their idyllic charms are very popular.

For those investing in property that might in future be sold on, these may be key considerations as thought is given to which buyer market will be targeted, not to mention the tourist let potential. After all, good activities for senior citizens and excitement for children are rarely the same thing, so the difference between the areas with cultural attractions or wineries may differ from localities with family-orientated entertainment.

For French property specialists VEF, one area that certainly deserves plenty of investor attention is the Languedoc region. It has stated that while some areas of the country are indeed seeing prices drop this is not one of them, with the French property federation FNAIM reporting regular price rises.

VEF said that the region enjoys the same sort of sunshine as the Cote d'Azur but the prices for property are cheaper. Moreover, it noted, one major boost to the area will be the arrival of the TGV high-speed train link next year, running between Figueres and Montpellier, with the further extension to Barcelona opening in 2011.

Out in Dubai, Select Property has noted that the "World" archipelago off the coast of the emirate - consisting of a series of artificial islets shaped to resemble the islands and continents of the globe - has named its locations on the France-shaped bit Monaco, Cannes and St Tropez. Nothwithstanding that the first of these is a separate country, it shows that the appeal and strength of property in the south of France is still there - even, it seems, when it isn't in France at all.

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/4284.html. Alternatively, please see our full press release archive.

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