France is still a safe haven for buyers

France is still a safe haven for wealthy buyers, according to experts.

Knight Frank highlighted the popularity of France's traditional regions with investors, with demand for Provence property emanating from an increasing number of countries. British, Belgian, Swiss and French buyers account for 70 per cent of the prime purchasers in the French region, but expats in Asia and other countries are stepping up their interest as the country remains relatively stable in the global financial crisis.

"In my view, [French property] prices fell on average by around 5% in 2011, due to the fragile global economy rather than any noticeable softening of demand or surge in supply,' Knight Frank's John Stephenson told Property Wire.

Demand is also on the up in neighboring Monaco in the wake of the country's tax reduction law, which requires buyers to pay 4.5 per cent registration tax instead of the previous 7.5 per cent. Interest in Monaco property worth between €1m and €5m surged by 74 per cent last year, according to Knight Frank's Global Property Search report, while real estate priced over €15m attracted 55 per cent more searches.

Even those investors, looking at outright purchase or indeed Fraction ownership in the ever popular French Chateaus, will be very excited with the News that the French Property Market is very stable, despite the European Problems. One such French Investment our Members are extremely happy with is that of Château de la Cazine a five star golf and spa resort which offers investment opportunities from only £28,000

Regards

Jay