When to buy and sell – French property mortgage advice
People looking for French property mortgage advice during recessionary times may be interested to know that many UK investors reckon now is a good time to buy overseas homes at great prices.
The high cost of the euro compared to a weak pound is leading some UK owners of French homes to look for private sales, often at a discount, to secure buyers.
Much property is now becoming available at low prices, according to The Times newspaper. So, despite the credit crunch and currency issues, would-be buyers of mortgages in France are in a position to bag a bargain.
Advice on French property mortgages
The paper printed details of various homes available at less than £150,000 including a one-bed stone cottage for less than £90,000 and a two-bed cottage in south west France near Rochechouart for less than £100,000.
Provence was singled out in the article as having a supply of low-priced property deals. Inland properties were tipped as best for bargains.
French mortgage advice from Conti
Older, character-ful properties requiring renovation work are the ones said to hold their value long-term. Deals as much as 30% below asking price have been negotiated.
In addition, a property in the right location and that pays a desired level of rent are often important considerations for investments in French holiday homes.
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