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France Tops Property Investment Hotspot List
France is the most popular place to invest in overseas property according to new research on global property hotspots. Mortgage firm Conti reported that almost half of all enquiries during 2012 have come from house hunters looking to buy in France.
The company said the availability of finance was one factor influencing people’s decision to invest in France but also put the trend down to the fact that buyers were currently more willing to spend money buying property in tried and trusted locations.
As the pound continues to strengthen against the Euro UK buyers are finding that their money is going further in the Eurozone, making properties in France increasingly affordable. Other pull factors include reasonable property prices in France and low interest rates on French mortgages.
All these influences are helping to maintain interest in France, which has always been a favourite with investors thanks to its close proximity to the UK, peaceful way of life and buoyant holiday rental market.