| Potential investors are said to be turning their | | | | 65 per cent. |
| attentions to France after the Spanish property | | | | The worst hit areas are said to be recently bought |
| market saw the shares of developers collapse. | | | | property off plan where there is not enough demand. |
| Every year Brits choose to buy holiday homes in | | | | French property market unlikely to crash |
| Spain but now it looks like France may be a better | | | | Things are looking up in France however, with a new |
| bet. Spain has seen a massive explosion in building | | | | president potentially hailing a new and positive era for |
| along all the Costas. It appears that saturation of the | | | | the country's economy. The Sarkozy effect could |
| market has been the inevitable result. New | | | | have a big effect on the economy fuelling property |
| developments are offering huge discounts to new | | | | price inflation. There is already talk about making |
| buyers. | | | | mortgages tax deductible (capital and interest). |
| Brits hit by Spanish property market | | | | A price crash similar to the one in Spain is also said to |
| According to the latest reports, hundreds of | | | | be off the cards because of a few major |
| thousands of UK residents with homes in Spain have | | | | differences within the two countries. |
| seen the value of their properties fall by as much as | | | | |