- Home » Expat News » Fall in French mortgage interest rates attracts British buyers
Fall in French mortgage interest rates attracts British buyers
| Published: | 2 May at 6 PM |
Want to get involved?
Become a Featured Expat and take our interview.
Become a Local Expert and contribute articles.
Get in touch today!
Become a Local Expert and contribute articles.
Get in touch today!
Fixed mortgage rates on offer to Britons looking for a new life in France are at their lowest since the end of WWII.
Now that French property prices are in decline, the temptation of a 20-year fixed rate mortgage at 3.35 per cent or a tracker deal over the same period at 2 per cent may be too good to ignore for those desperate to emigrate. Leading French banks are competing to offer great deals to reliable buyers in an attempt to shore up the property market.
A spokesman for a leading estate agency said rates are at their lowest for 65 years, making long-term investments in buy-to-let property in popular locations a win-win situation. Most French banks insist on a 20 per cent deposit, with mortgage rates staring their slide just few weeks ago.
Although properties in Paris and the Alpine region are still reflecting the popularity of their locations, in France’s vast swathes of sparsely populated land bargains can be had, especially for those looking for investment or a holiday home. Real estate experts think the fall in property prices hasn’t hit bottom yet and, with cheap loans on offer, increased activity in the market is already being noticed.
Now that French property prices are in decline, the temptation of a 20-year fixed rate mortgage at 3.35 per cent or a tracker deal over the same period at 2 per cent may be too good to ignore for those desperate to emigrate. Leading French banks are competing to offer great deals to reliable buyers in an attempt to shore up the property market.
A spokesman for a leading estate agency said rates are at their lowest for 65 years, making long-term investments in buy-to-let property in popular locations a win-win situation. Most French banks insist on a 20 per cent deposit, with mortgage rates staring their slide just few weeks ago.
Although properties in Paris and the Alpine region are still reflecting the popularity of their locations, in France’s vast swathes of sparsely populated land bargains can be had, especially for those looking for investment or a holiday home. Real estate experts think the fall in property prices hasn’t hit bottom yet and, with cheap loans on offer, increased activity in the market is already being noticed.
Comments » No published comments just yet for this article...
Feel free to have your say on this item. Go on... be the first!
