French consumer confidence boost could attract property investment
Signs that French consumer confidence is on the rise could be enough to persuade potential investors of the advisability of buying a second home across the channel.
According to Reuters, Institut National de la Statistique et des Etudes Economiques (Insee) figures show an easing of inflationary pressures in the economy imbued consumers with sufficient cheer to raise their confidence index to -43, up from -46.
"The slight improvement is linked to the drop in the inflation rate," Societe Generale economist Olivier Gasnier told the news provider.
Approximately 50% of the French economy has its roots in consumer spending, making the habits of households crucial to a potential economic recovery.
Signs that consumers are prepared to spend more would therefore be good news for property market investors, as house prices would be more likely to rise.
However, the Insee data also highlights concern over unemployment, suggesting consumer confidence is still at a fragile state.
Insee was created in 1946 to continue the work started by the Vichy government's national statistics service in the Second World War.
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