New and Updates:

France: Investment in French property shows potential in 2010

This article was written by
Overseas Mortgage Finder
and featured in Mar 2010
"A Place in the Sun" Mag.

With European economies beginning to grow again many UK investors are starting to tap into the advantages of owning a French property.

France was recently voted the best place to live by US publication International Living, beating 193 other countries to the top spot due to their quality of life and excellent health care service. The relatively short distance between England and France makes regular weekend visits to a holiday home abroad a real possibility, unlike many other destinations. From a financial perspective now may be a good time to invest in French property, as it has never been easier for a foreign national to secure a cheap low deposit mortgage in France. Interest rates on variable rate French mortgages can start from as little as 2%, with fixed rate mortgages starting at around 3.5%

Act now or pay later?

There is growing opinion that interest rates in France may rise in the near future meaning there may only be a limited window for investors to take advantage of the low interest rates on offer. Currently a 10 year fixed rate mortgage can start from as little as 3.6%, which may prove to be fantastic value to investors who decide to purchase or remortgage their French property now instead of waiting till later in the year.

To find out more information about what French mortgage options are available to you please contact us for a free a no obligation consultation.