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Sunday Papers still advising a good time to sell in France

Do you have a holiday property or investment property in France ?? Papers are advocating selling (if you are inclined) very soon.? They argue that the euro is now likely to weaken against pound sterling so you get more sterling if you sell now! If you bought a French property at least 12 months ago, then you should be sitting on a sterling profit. Sterling has weakened about 25% in the last year.? At one point nearly getting 1 euro = 1 pound. The sterling seems to have strengthened to about 1.11 euros to bound. However, the currency gurus are suggesting that pound sterling could now strengthen. Portugal, Spain, Italy, & Greece economies are in very poor shape and this could influence the direction of the euro against other currencies. The last time we published a similar report, the French Immobilier were scoffing!

French Home prices dropped less than 4% in France in 2008 according to reports (we see great regional variations however!) – so in theory you could be looking at a 20% sterling gain if you can sell now.

The Sunday papers also report an upsurge in re-mortgaging French properties by expats so that they can buy properties in the UK – prices are down about 17% min in the UK over the last year. Re-possessions and auctions can yield properties at 40% of last year’s value in the UK.