French property to 'outperform UK'

A property expert has revealed that European property, and in particular French, will outperform the UK in all sectors.

According to Ben Stirling, head of European property at Morley, rental growth predictions each year for the next four years see a 6.6 per cent annual return across the continent.

Good returns on French rentals

This is a rise on the current five per cent return as of last month for European rental property.

Mr Stirling is particularly optimistic about the French property market with office space in Paris and new developments in Limousine all being hailed great value.

Brits flock to re-mortgage holiday homes

Meanwhile, Assetz Finance says it has seen a 30 percent increase in demand for re-mortgages on overseas property in the last two months.

The firm claims that thousands of UK residents with property in France are now looking to pay off all or some of their UK mortgages by using money earned on their holiday homes.

Katy Hepworth, overseas mortgage manager of Assetz Finance, said: "Investors should be aware that now is the prime time to re-mortgage in Europe.

"Base rates are still considerably lower than in the UK, so by re-evaluating their borrowing, investors can potentially make big savings."

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