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French property is facing a slump "of Anglo-Saxon proportions", according to some experts, as the country's property boom threatens the market with a fall in prices of up to 40 per cent.
The Dordogne dominates British buyers' wish lists, according to a new study.
The battle between François Hollande, the Socialist challenger to the incumbent French President Nicolas Sarkozy finally came to a head last Sunday at the 2012 French Presidential elections with Hollande emerging triumphant.
France remains a firm favourite for British buyers, according to the Overseas Guides Company, which provides free guides to 15 countries.
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.
IKEA has already entered the real estate market with its flatpack US homes, but now the company is assembling something much bigger: a town. Strand East, near London's Olympic Park, will house 6,000 people in an effort to provide affordable accommodation. But bargain-hunting Brits still have their sights set overseas, as research reveals 25% of buyers believe it is cheaper to own a property abroad than in the UK.
"New areas of France" are starting to attract foreign buyer as people avoid hotspots to find cheaper prices.
The French property market may be on the verge of cooling down, some experts believe. A report from Global Property Guide suggests that the country’s upcoming presidential elections combined with the euro crisis have prompted investors to become more cautious in 2012.
Paris is now the biggest real estate investment destination in Europe, having overtaken London in the second half of last year according to new data released by CB Richard Ellis.
Uncertainties in the eurozone may push property buyers in surprising directions, but the usual suspects are firm favourites for holiday homeowners.
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