Page 0034

home markets. It is also more expensive

in terms of fees.

In France, the most straightforward

and cost-effective time to secure finance

against a second home is at the time of

purchase. It is therefore critical to give

some thought as to whether you want

a French mortgage secured against the

property. If you decide you do, make sure

you pick the right mortgage product.

A good French mortgage broker will

save you money by selecting the most

suitable French mortgage product. In

many cases they offer discounted rates

and fees - which are not available when

you approach the banks directly.

34

The beginning of the year always

brings a raft of predictions for the year

ahead. Here we look at some

established market trends with

regards to French mortgage and

financing rates and their anticipated

impact on the second home French

property market during 2015

WORDS: SIMON SMALLWOOD | PHOTO: SHUTTERSTOCK

A

NUMBER OF FACTORS ARE

coming together to increase

interest for would-be buyers

in purchasing a second home

in France. As confidence returns and the property

market becomes

more competitive, we are likely to see

this trend continue to grow.

MORTGAGE RATES

French mortgage rates have never been

lower than they are now. During the second half of

2014 they continued to drift

lower. There is, however, a limit to how

much further they can fall with interest

rates at historic lows.

We could see movement during

2015 from French mortgage providers

becoming more aggressive in competing

for the best borrowers. And lenders may

improve the flexibility of their lending

criteria. We have already experienced

some significant moves during the later

months of 2014, and this is a trend we

anticipate continuing in the year ahead.

CONFIDENT INTERNATIONAL BUYERS

France has always been a popular destination for

tourists from across the world

and international second-home buyers.

That situation hasn't changed, despite

the challenging economic fundamentals

that France and the Eurozone face. Prospective

buyers of property are gaining

in confidence and the attractions of

owning a second home in France aren't

going to be overshadowed by confidence

in the economy. This situation has

been mirrored by interest in the London

property market during the height of the

credit crunch.

FRENCH PROPERTY IS CHEAPER

The Eurozone's economic woes are

putting pressure on the region's currency,

the Euro. At the same time, economic

growth in other important markets (for

potential buyers) such as the US and UK

is picking up, providing Sterling and the

US dollar with further strength.

The result is that, for many prospective

international buyers of French

property, those properties are becoming

cheaper, in real terms, all the time. This

offers would-be buyers another strong

reason to take the plunge during the

coming year.

A FRENCH MORTGAGE?

Borrowing money against a property

you already own in France is much less

common than in the US, UK or other Buying a

French

property

EXPERT ADVICE LEGGETT MAGAZINE

Stay up to date with the

latest French mortgage rates

and visit our website

www.international

privatefinance.com.

Call the team:

+44 (0)207 484 4642

Email:

Leggett@international

privatefinance.com

leggettfrance.com

Index

  1. Page 0001
  2. Page 0002
  3. Page 0003
  4. Page 0004
  5. Page 0005
  6. Page 0006
  7. Page 0007
  8. Page 0008
  9. Page 0009
  10. Page 0010
  11. Page 0011
  12. Page 0012
  13. Page 0013
  14. Page 0014
  15. Page 0015
  16. Page 0016
  17. Page 0017
  18. Page 0018
  19. Page 0019
  20. Page 0020
  21. Page 0021
  22. Page 0022
  23. Page 0023
  24. Page 0024
  25. Page 0025
  26. Page 0026
  27. Page 0027
  28. Page 0028
  29. Page 0029
  30. Page 0030
  31. Page 0031
  32. Page 0032
  33. Page 0033
  34. Page 0034
  35. Page 0035
  36. Page 0036
  37. Page 0037
  38. Page 0038
  39. Page 0039
  40. Page 0040
  41. Page 0041
  42. Page 0042
  43. Page 0043
  44. Page 0044
  45. Page 0045
  46. Page 0046
  47. Page 0047
  48. Page 0048
  49. Page 0049
  50. Page 0050
  51. Page 0051
  52. Page 0052
  53. Page 0053
  54. Page 0053
  55. Page 0055
  56. Page 0056
  57. Page 0057
  58. Page 0058
  59. Page 0059
  60. Page 0060
  61. Page 0061
  62. Page 0062
  63. Page 0063
  64. Page 0064
  65. Page 0065
  66. Page 0066
  67. Page 0067
  68. Page 0068
  69. Page 0069
  70. Page 0070
  71. Page 0071
  72. Page 0072
  73. Page 0073
  74. Page 0074
  75. Page 0075
  76. Page 0076
  77. Page 0077
  78. Page 0078
  79. Page 0079
  80. Page 0080
  81. Page 0081
  82. Page 0082
  83. Page 0083
  84. Page 0084
  85. Page 0085
  86. Page 0086
  87. Page 0087
  88. Page 0088
  89. Page 0089
  90. Page 0090
  91. Page 0091
  92. Page 0092
  93. Page 0093
  94. Page 0094
  95. Page 0095
  96. Page 0096
  97. Page 0097
  98. Page 0098
  99. Page 0099
  100. Page 0100

Related Issues