French property price rise continues

According to the Paris Chamber of Notaires, property prices in Paris have increased by 5.1% year on year, and in 2010 in France as a whole prices are expected to follow suite, although twice as slowly. The property market is attracting more movement with 700,000 sales agreed in 2010, this is thought to be due to the return of foreign investors and the continued low interest rates. If you are considering purchasing a French property while the prices are affordable, and with a pound Sterling still worth around 1.20 Euros, make sure you read the article below before signing any French contract. For more information on French Property Law see www.frenchlawconsultancy.com