Consider French mortgages as house prices fall in France

People seeking French mortgages may be interested to know that buyers looking to invest in property are virtually non-existent in the market at present.

Average house prices in France are beginning to decline, according to press reports, although some increases were recorded last year.

Official French government figures show that the Cote d'Azur and Paris regions enjoyed price rises. Over the country, an average increase was recorded as 1.7 per cent in 2008.

But in an article in the Mail on Sunday, recent price drops have been described as the French property bubble bursting.

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In the south west corner of France, covering the Languedoc region, house prices fell nearly 10 per cent. Steeper falls were recorded for other locations.

Prices were relatively low at the start of the millennium. However, the appeal of a warm climate and the attractive historic region pushed up average buying prices. The region has been so appealing that in one year, average house purchase prices soared 28 per cent.

Estate agents in the area report that, in recent times, buyers, especially British ones, have dried up. However, a spokesman for one agent said, "There are still some people who want a holiday home to keep for the next 15 or 20 years."

French property mortgage advice

For those interested to secure mortgages in France as property prices fall, now would be a good time to start investigating a potential house purchase.

Conti is the UK's leading overseas mortgage specialist. Their team of advisers can help source and arrange mortgages across the world, working with overseas lenders and property purchase professionals.

For details about French mortgages, simply call Conti now on 01273 772 811 or complete our online form - don't worry, it will take you less than 30 seconds to fill in!