French Property Market Prospects for 2008
With
a background of economic uncertainty, it is difficult to call the
property market in France for 2008.
2007
was a tough property market for most regions of France - the result
was that property valuations became far more realistic, and sale
prices were open to negotiation!
In
the UK, many mortgage clients on fixed period discount mortgages were
shocked by the new monthly payments on variable rate mortgages.
Families have had to adjust their monthly spend, and may even have
re-considered whether a foreign property was an unnecessary luxury.
If
the UK can keep inflation under control, them mortgage rates should
drop significantly during 2008, and the feel good factor return. In
France, if Sarkozy can concentrate on reviving France's economy and
not be distracted by his amorous adventures, then the stronger
internal market could lead to property prices rising in France.
Howard
Farmer, Managing Director of 1st
for French Property, believes that "French Property offers good
value in 2008 and it is a buyer's market so property can be purchased
at bargain prices! One blot on the horizon is the strength of the
Euro against the pound sterling. As the Euro strengthens, it makes
French Property more expensive for British buyers. So buy early and
fix your euro payments with a good Currency Exchange company".