Six new reasons to invest in France
France looks set to become the next investment hotspot for UK landlords. French homes have been off the agenda for many property investors in recent years, as tax rises and a sluggish economy have combined to keep prices and rental returns down. The evidence is coming from several directions that this may be about to change. Driven by punitive actions by the UK government and a return to French competitiveness, investors are being both pushed and pulled to France.
Changes to notaire fees
New discounts have been introduced that apply to the work the notaire performs as part of the purchasing process in France. The main role of the notaire is to uphold French law throughout property transactions, and as such he works for neither the buyer nor the seller; the notaire is there to make sure the legal process of buying in France is carried out properly. You will usually only need one notaire, but you are at liberty to choose a separate one if you wish – the fees will be no higher, but rather split between the two of them.
Would a French mortgage be a good idea?
There is no doubt that the property market in France remains fairly stable with prices having stayed the same or even decreasing in some regions over the past year or so. Financing your French property purchase deserves careful planning and in many instances it is well worth considering applying for a French mortgage.
Is now a good time to buy property in France?
Although the pound has taken a bit of a beating from the euro in recent weeks, it is improving, and rates are still more favourable than they were until their height in 2015, so all is not lost for those buying a property in euros. Many people we speak to are also keen to buy their French property and ensure they have their European assets all tied up before the result of the EU Referendum in June. These factors, in addition to the still low property prices in France and low interest rates meaning that French mortgages are well worth considering at the moment, are making 2016 look like a goodProperty Buyer’s Guide To Currency
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