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.

For more French property mortgage advice, feel free to contact the UK’s overseas homes experts at Conti. Send us an online query or call us on 01273 772 811.

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