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 1^st 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".

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