Stability ‘makes France easier to buy international property in’
02 October 2009
France is an easier place for international property buyers to make a purchase in, it has been stated.
Director of overseas mortgage brokers Conti Clare Nessling told the Independent that the country has greater mortgage availability than most because of its different approach to banking.
"They [French banks] certainly haven’t taken the extreme view that most UK lenders did. Throughout the credit crunch we’ve still been able to get 100 per cent mortgages in France for loans over €250,000 (£230,000)," she stated.
Around four out of five mortgages in the country are fixed-rate deals, the paper noted, suggesting this adds to the stability of the market.
France has seen house prices rising recently, with prices up 3.9 per cent in the second quarter of the year, according to the French National Association of Real Estate Agents.
Source: Halifax International