Is there a downturn on the French Riviera?

[Nicholas Wallwork]

As the worldwide property market continues to struggle, many had assumed places such as the French Riviera would be the first to fall but so far this has not been the case - at least on the surface!

While prices were actually deemed to have risen last year in some areas of France, to the surprise of many property experts, a little more investigation into this phenomenon reveals that all may not be as it seems. Under the surface there have been a number of issues coming together which could see property values in sought after areas such as the French Riviera fall substantially over the next few months. So what exactly is going on?

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