Conti said France still accounts for the largest number of mortgage enquiries it receives and has always proved a safe haven for overseas buyers.
This is set to continue as France’s cautious financial system has created a very stable property market that has a strong appetite for lending to foreign investors. Conti said that, in some cases, clients can borrow up to 100% LTV.
Clare Nessling, operations director of Conti, said: “According to our records, this is the lowest rate we’ve offered for property in France. The country has become an increasingly attractive investment option, not least because of very low interest rates and easy access from the UK, but also due to the falling value of the euro and lower property prices, with many sellers dropping their prices to levels we’ve not seen for several years.”
But she added: “The bargains won’t last forever, so prospective buyers may want to act sooner rather than later.”
