What is Happening in France
The credit crunch does not seem to have affected the french housing market so much. This is because most buyers are cash purchasers and not reliant on mortgages. There has been a little slowdown in the market but mainly due to a smaller number of UK buyers entering the market. This creates a buying opportunity. Prices here in France are more realistic and sellers reasonable.
The market here is more stable than in the UK and whilst prices do not jump as dramatically as in the UK in times of boom,neither do they fall when the UK market is affected.
There are many more european buyers to sustain the prices here than the UK. The result is that prices rise year on year by about 3 or 4%. This means that a house in France is a better investment than the UK.
If you can, buy now and watch your money grow. French property is a safer bet than the stock market