Invest in a French mortgage for the world’s top tourist destination
France is the world’s top international tourist destination and latest figures show this is still the case – so there is plenty of potential investment value for overseas property buyers thinking about taking on a French mortgage.
Tourism figures have remained steady at 68 million with a slight four per cent dip shown in the European market while numbers of visitors from further afield have increased.
Tourism minister for France, Hervy Novelli, said, “France is still the world’s first (tourist) destination, the country’s popularity endures.”
There has been a fall in arrivals to the country which the French government says is due to a drop in transit passengers – 11 million in 2008 compared to 13.9 million during the year before.
European mortgages for France
Rents paid for by holidaymakers can ensure buying a French property is a successful investment. Despite a slight decrease in European tourists, the market remains France’s most important.
There were signs that this year was showing a slight drop in tourism but last minute bookings were increasing and the winter season was “more than satisfactory”.
The government is planning to modernise the tourism sector in 2009 and to make it more competitive. Hotels are due to be reclassified under a new five-star system that is designed to conform with more usual international standards.
Thinking about a French mortgage? Contact Conti
Are you considering buying a French holiday home or property for your own use? Many people are actively searching and finding good deals because prices of most properties in France are staying stable in sterling terms, where price reductions and lower offers have been happening in euros.
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