The news of the strengthening of the pound against the Euro is fantastic for British Buyers. Alongside the exchange rate reaching a 19-month high of 1.2222 Euros, the number of people showing an interest of buying property abroad has increased significantly.
And with the availability of some great French mortgage deals around, now is a fantastic time to invest. The current exchange rate means it is now cheaper to make deposits on properties and also the net cost of mortgage payments is lower.
Leading French loan broker Athena Mortgage says “The horizon for rate increases still seems a way off and mortgage rates remain at their historic lows. So for the meantime the buying conditions in France are improving overall.”
Despite the fact that the pound to euro rate is still much lower than the incredible 1.45 level that we were lucky to witness pre-credit crunch, now is a good time to take a look at the French property market and My-French-House.com has an extensive selection of properties for sale to choose from.