A research produced by
Against the backdrop of the global recession, the Eurozone debt crisis and President Hollande’s austerity measures, France’s prime property market has faced considerable challenges in recent years. Nonetheless, a villa on the Côte d’Azur or a ski chalet in the Alps remains amongst the most popular investments for international second home buyers.
The French economy remains in the doldrums; GDP growth is forecast to reach a miserly 0.2% this year and 1% in 2014. Yet against this fragile economic backdrop Knight Frank’s applicant and viewing numbers increased by 28% and 52% respectively in the third quarter of 2013 compared to the same period in 2012.
Source : Knight Frank
