Expert reassures investors in France
People who own a property in France have been reassured by an expert, despite reports of a market slowdown.
Earlier this week, the Royal Institute of Chartered Surveyors revealed that the rate of house price inflation in France slowed to 3% last year.
However, second home buyers have been told that this does not mean that a downturn is taking place.
Georgina Caldwell, deputy editor of French Property News, said that instead, this was a sign that the market was simply levelling off.
Speaking to the Independent, she commented: "Prices were low thanks to over-supply. Supply and demand have now evened-out."
Ms Caldwell added that this was partially because many old and dilapidated houses that had previously been overlooked had now been restored and put up for sale.
Last month, the European Central Bank revealed that during the first half of 2007, property values across countries in the single currency went up by 5%.
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