French property prices holding steady |
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| Thursday, 20 August 2009 08:03 | |||
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Property prices in France are stable at present, a mortgage provider has stated. John Busby, Director of French property firm Athena Mortgages, remarked that a mixture of price rises and regional variations is giving “overall stability to the French market.” Athena’s latest report shows banks to be increasingly willing to lend. Such a situation could help those keen to buy in France to pick up a property at an advantageous price. Michael Axelrod, an overseas mortgage expert with Conti Finance, says the current market in the country is “calm” and that obtaining mortgage finance there is easier than in Britain. This is because French banks had less exposure to the US subprime losses, he noted. A favourable economic and political climate, along with many natural features makes France an excellent property investment location. There is easy access via direct budget flights from many international airports. Excellent, modern transportation infrastructure and close, easy links with the UK and mainland Europe are additional favourable factors. France is confirmed as the most popular overseas destination for British expatriates to live in the world, according to new research from Halifax International. 16% of British expatriates are currently residing in France, followed by Spain at 10%. The most popular overseas destination for people to move to outside of Europe was the USA at 8%, followed by Australia at 4%. Almost two thirds (67%) of British expatriates living in France are over the age of 55. One third (32%) were aged between 55 and 64 years of age.
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