France
Whether you're interested in the French buy-to-let market, purchasing a second home, or buying a property for investment, retirement, holiday or relocation purposes, you'll find our buyer's guide is brimming with all the information you need including:
- Expert opinions on the French economy
- Essential information for buy-to-let investors
- A step-by-step guide to buying in France
- Detailed property guides for each area of France, including:
- Brittany
- Normandy
- Aquitaine
- Midi-Pyrenees
- Cote d'Azur, Provence & Corsica
- A real life story of a family who made a life in Landes
- A full breakdown of the average house sale prices
- Your complete guide to average apartment prices
- Information on where you can maximise your rental returns
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The economy
France has the fifth largest economy in the world, with predicted growth of 1.8 per cent over the next few years
The French government doesn't have a great record in forcing through
economic reforms. In 2006 they were forced to backtrack attempts to
push through a series of pretty modest labour market reforms after much
opposition from students and in 2007 Nicholas Sarkozy's first forays
into economic reform provoked similarly heated reaction from the French
public. Surprisingly, he was elected in May 2007 on just this ticket,
promising reform and a reduction in public spending.
The French economy in 2008
But despite unrest at home the French economy is as strong as ever.
Even though Prime Minister Francois Fillon said France was 'bankrupt'
and would keep sliding down the global growth league unless it got a
grip on its finances, even though European Central Bank president
Jean-Claude Trichet noted that France's massive and unreformed state
sector is the biggest in the EU, consuming 53% of GDP, and even though
the US-led credit crunch is still affecting worldwide economic
forecasts, the French economy shows little sign of being unduly
affected.
