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French Property Market: Outlook better for the Pound against Euro

June 23, 2009 at 11:34 am · Filed under Property Market

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At last some good news on currency exchange which should help the French Property Market in 2009! Since the heady days of £1 to €1.50, we have seen the pound / euro at parity around Xmas 2008 and now it is edging back to €1.20

We have some expectation from the currency market that it could be in the range €1.20 to 1.30 soon. As economies struggle in the Euro zone, the euro is coming under more pressure and its strength is weakening. The next interest rate change in the UK look likely to be upwards and that should encourage appreciation against the euro.

Hopefully this will make French Property more attractive again for foreign buyers? There are certainly green shoots of recovery in some regions of France already - enquiry levels are improving with more people wanting to view.

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