Tax cuts expected to boost French mortgage interested
Great news for those looking for a French mortgage! The French government has decided to abolish its three per cent French property tax which is likely to make investment across the channel an even more attractive option.
Property tax cut to boost French mortgage interest
Now therefore is the time to buy French property as the tax cut will help decrease the already low property rates which have continued to come down in price since the beginning of the recession.
The move is hoped to help boost the French housing market and encourage more overseas investments into the country. Quality properties in good locations are expected to spark the most interest as buyers become more aware of the tax cut which could end at any given time.
On top of the already low property prices, the new tax cut gives those looking for a mortgage in France the chance to invest in a larger property or one that is perhaps in a more attractive area than they would otherwise have considered for the same budget.
Invest in a French mortgage for a bigger property for less
Beautiful areas to search for properties include Nice where two bedroom apartments can be found for under €300,000 in the heart of the region. One apartment on sale for €265.000 in the centre of Carre d’Or offers a spacious balcony with sea views, air conditioning, a completely renovated kitchen and bathroom, marble floors throughout and is located only 100 metres away from the beach.
For those looking to make use of the amazing skiing France has to offer, two bedroom apartments in Charmonix can be found for around €350,000. This hugely popular town is set at the foot of one of the most beautiful panoramas in the French Alps. With breath-taking vistas and great access to top ski runs, prices tend to be higher around this area and properties are highly sought after and go quickly. On sale at € 353,000, one well located property offers two bedrooms, a cellar, a garage and a patio facing Mont Blanc – perfect for anyone looking to enjoy the fabulous mountaineering or ski slopes the region boasts.
Get more for your French mortgage with a rural property
Rural properties away from the big cities tend to be a lot cheaper and often come with more land to enjoy. Therefore with the tax cut, a bigger property can be found without increasing your budget. A four bedroom detached farmhouse with two barns and over two hectares of land is on the market for €150,000 in the Poitou – Charentes region.
Find a French mortgage today with Conti
If you want to take advantage of the tax cuts or are just interested in finding out more about obtaining a mortgage for France, give the specialists at Conti a ring. Their experience and expertise in overseas mortgages will help ensure that you find a French mortgage to suit you. Call 01273 772811 today.
0800 970 0985