A weaker exchange rate isn’t deterring British buyers, we’re just dropping our budget. Even at lower prices the dream of owning a property in the sun goes on.
How many of us, when we’re abroad, spend our time looking in estate agent windows thinking, “Oooh, we could afford that. Shall we?” Compared to the astronomical price of UK property, a cottage in northern France, a holiday condo in the US or a sea-view apartment on a sunny Spanish costa can seem very reasonable indeed.
Shortage of new houses, a strong economy and low interest rates is adding up to stifled demand at the affordable end of US property. That’s the opinion of America’s top property analysts.
Some French houses have been on the market for years and desperately need a new owner. Be bold and make an offer! The French property market remains firmly on the side of the buyer in the autumn of 2016, with prices remaining stable generally. Some areas have even seen falling prices over the last few years and although there are signs of a small increase in certain areas, bargains are still to be found across many parts of the country.
The two key themes of the Portuguese property market today are shortage of supply and increasing demand. For people with a financial stake in the country, that adds up to a good thing.
