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Strong hints that the French economy is on track will please buy-to-let investors in the country who have seen turbulent times over the last six months.
Although the economy figures are not due to be released until August 11th, French finance minister Thierry Breton hinted to journalists that they would prove that the economy is performing well. Strong growth in the 2 to 2.5% area was tipped.
Despite the race riots in a number of cities - that will have concerned investors - the disclosure suggest that the French economy has managed to bear the brunt of this instability without too much trouble.
The news is set to boost the popularity of prime minister Dominique de Villepin, whose ratings slumped in the wake of the protests over planned new labour laws. The French government was eventually forced to abandon its plans after widespread public discontent over the proposals, but as the economy looks set to grow the leader is hoping to take at least some of the credit.
Recent research from Assetz has shown that France is holding its own against emerging markets such as Cyprus and Bulgaria when it comes to buy-to-let investment opportunities. France has always been a popular holidaymakers too and recent troubles in the country have not deterred many people, maintaining the excellent property investment potential.
According to the research released by Assetz, French sales have increased by 100% since January this year, highlighting the fact that it remains an immensely popular place to invest.
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