French Property Market: Outlook better for the Pound against Euro
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.
Stumble it!One of the major factors for a UK resident deciding to buy a French property is the sterling / euro rate. If the pound gains in strength, then a French property becomes cheaper (in pound sterling terms). So where is the currency market heading? Our partners for French Currency Exchange Services at.....click title for details
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.....click title for details
