French interest rates at record low
Record low-interest rates are driving a booming French property market. With over a million sales over the past year and exceptional value property prices, there’s never been a better time to buy in France.
Interest rates in France remain at a record low – in fact, they are better than they have been for the past 40 years. Couple that with the fact that there have been 1.1m sales over the last 12 months – there has never been a better time to buy in France. The interesting thing is that, whilst prices have been rising in the major cities for a while, they are only just beginning to follow in rural areas. The market is being driven by a double whammy of low existing prices and incredibly cheap borrowing.
The great news is that it isn’t just French residents that can benefit from this. Non-residents are able to benefit from the great rates too. Our partners I.C.E. Finance are offering mortgages from 1.3% fixed for 15 years.* To discuss this great offer with a consultant click here: gary.connell@icefinance.fr
International clients are buying all over the country – from the northwest tip of Brittany down to the Spanish and Italian borders – particular hotspots include Occitanie and Nouvelle Aquitaine. The average budget here is between 150-200,000 euros with more and more international clients looking to make a permanent move.
* 60% loan to value, subject to status.
Property ref.: 104488SGE87