Released on: May 6, 2008, 9:49 am

Press Release Author: Assetz

Industry: Real Estate

Press Release Summary: With so many property markets struggling with the credit
crunch, various governments are battling away to try to restore some lost ground. In
Britain this has come in the form of the Bank of England\'s £50 billion bond issue to
try to create more liquidity in the mortgages market and bring down interbank
lending rates.


Press Release Body: With so many property markets struggling with the credit crunch,
various governments are battling away to try to restore some lost ground. In Britain
this has come in the form of the Bank of England\'s £50 billion bond issue to try to
create more liquidity in the mortgages market and bring down interbank lending
rates. In Spain, the Daily Telegraph reported earlier this month, the government has
sought to attract more investors by cutting capital gains tax.

In France, all the measures seem to have been introduced already and for different
reasons. Moves such as allowing mortgage payments to be offset against income tax
are part of the declared aim Mr Sarkozy made to turn France into a nation of
homeowners rather than renters.

At the same time, as is regularly reported, France has not been hard hit by the
credit crunch, mainly thanks to the lack of investment in the US subprime markets by
its banks. This has meant that the sort of lending problems seen in places such as
the UK are not present across the channel. With the country offering a myriad of
attractions from the sun and beaches of the Cote D\'Azur and the world\'s most famous
wine-growing areas to the delights of Paris and the ski resorts of the Alps, France
has plenty enough to encourage overseas buyers. But for investors there is the added
fact that the country is still seeing prices on the up.

France specialist property website VEF repeated this message earlier in the week,
noting that the country has seen a 3.3 per cent rise in prices in the first quarter,
with areas such as Provence and the Alps enjoying a five per cent increase, accord
to Fnaim, the French estate agents\' federation.

Of course, the type of property being bought does depend on the purchaser and their
intentions. Investors may be keener on buy-to-let in tourist areas while those
retiring might want to go so somewhere off the beaten track, for instance. But VEF
director Trish Mason said there were other differences as well. She told the Times:
\"At the lower end, people are downscaling their expectations and buying property
that needs work, rather than postponing their purchase\", while at the same time, \"at
the higher end, it\'s the people with money who understand the markets and know when,
what and how to buy.\" She noted that the market
has been doing well at the top and bottom, while taking a downturn in the middle,
something she expects to change when the traditional buying season kicks in over the
summer.

Those who are buying a French property that needs work must ensure that, at a time
when the one disadvantage to British investors is the value of sterling against the
euro, the costs of doing so are kept down, according to Mary Hall, a chartered
surveyor living in France. Writing in French Property News, Ms Hall suggested that
for those with a finite budget the best way forward is to buy a property that is
habitable but also amenable to being extended, while haggling, bargain hunting and
choosing British paint over its \"nearly always\" inferior and more expensive French
counterpart are among the best ways to ensure quality while keeping
costs down. Investment, it seems, is not just about the cost of the house.

In today\'s world Property investment is an excellent investment option especially
investment in UK

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