Investment in property boosted by struggling euro
Individuals looking to invest in property within eurozone countries have been given a boost by the recent strong performance of sterling.
As a result, property prices in popular locations such as France, Spain and Italy have plummeted by 10 percent in recent months, and the trend is likely to continue given the poor performance across the region in terms of sales and unemployment. Indeed, Spain’s unemployment figure passed the five million mark in the last quarter of 2011.
In addition, investors can benefit from the hard-line pricing strategy adopted by developers in the French Riviera, which has resulted in property becoming even more reasonably priced.
