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Bridging loans can help you snap up a bargain holiday home, but it's important to be aware of the risks.
Investors in France are finding that the country's banks are becoming more reluctant to offer real estate loans to overseas buyers, it has been claimed.
Those considering buying a property in France are urged to get in early to avoid an upswing in mortgage rates, with some banks already beginning to pass on the European Central Bank's universal hike in rates last month.
The European Central Bank lifted interest rates for the first time in almost three years to quell inflation even as Portugal became the third nation to succumb to the region’s sovereign debt crisis.
Despite the weakened value of the pound, English expats are still finding a cheaper lifestyle and a rich cultural experience in France, the top destination for overseas relocation according to the UK Post Office.
The French mortgage market is experiencing a tightening of bank policy towards accepting clients in some sectors because the economy has slowed but current currency rates are good news for British buyers...
Old favourite France is still pulling in the punters, with overseas mortgage specialist Conti revealing that the country accounts for the highest number of mortgage enquiries received - such is the demand that the company has launched the lowest ever rates for French mortgages...
There's a growing feeling of confidence amongst prospective overseas property buyers, according to overseas mortgage firm Conti...
Similar to the UK, the French property market is continuing to show signs of stabilisation. While French property prices fell by 1% during Q3 as a whole, they rose by 0.1% during September, resulting in a total positive return for the period April to September 2009 of 2.8%. Returns for the 12 months to September 2009 have now pulled back to a respectable -7.8%, reports Athena Mortgages...
Athena Mortgages has launched a monthly French Property and Mortgage Watch, which should provide a useful overview of the French property market and an invaluable pool of information for potential investors looking to invest in property in France...
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