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France Prime Residential Insight 2014

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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

Keywords : Knight Frank
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