Where You Can Still Invest in Luxury Real Estate in Europe
Posted July 19th, 2012 | by The Update
Amid the debt crisis afflicting other European countries, the world’s super-rich are acquiring assets in London to preserve wealth and appreciate capital. Supply and new developments are scarce as money floods the London market from the Middle East, Italy, Russia, Kazakhstan, India and the Far East, driving prices higher.
France continues to be one of the safest nations in the world in which to own real estate, according to the IMF, World Bank and U.S. Federal Bank. The new presidency will not impact many of the factors that affect the purchase of French real estate, such as currency or the buying process, and with France consistently ranking as one of the most popular countries in which to live and with property prices remaining stable there is no need for potential buyers to worry.