A plan to ensure the property market in France and across Europe is secure has been put in place by French president Nicolas Sarkozy.

In news that may encourage UK buyers of French Riviera property and real estate elsewhere in the country, the French government has instigated a €360 billion (£280 billion) plan to guarantee bank debt and ensure any problems experienced by the country’s banking system do not cripple it.

Such a move may help the mortgage market flow in the country, ensuring French Riviera property buyers can carry on buying.

Stating that money is currently not circulating enough in the system, Mr Sarkozy said: "It is therefore necessary to create the conditions for it to circulate again and naturally between banks first as they are at the heart of financing the economy."

The plan was implemented after a similar plan was devised in Britain.

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