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France property investment levels plummet



Country:  France

22 January 2008

Property investment activity in France dropped 54% to €13bn (£12.2bn) in 2008, down from €28.5bn (£26.7bn) in 2007, according to Cushman & Wakefield (C&W).

The investment level recorded in 2008 was well below the average amount of money - €14.4bn (£13.5bn) - invested each year in the country’s property market, dating back to 1998.

Ile-de-France, composed mostly of the Paris metropolitan area, remained the most popular region in which to buy property, attracting 73% of total activity last year, according to the broker.

Property investors from around the globe have withdrawn from buying property in France, with the exception of German open-ended funds.


See Also:   france


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