Is it time for US and UK professionals to move to France?
Time waits for no man
Professor Robert Anthony believes that current lending conditions combined with opportunities for rental income make buying a sound decision.
Is it the right time to buy in France? Professor Robert Anthony believes that current lending conditions combined with opportunities for rental income make buying a sound decision.
In a market that has been calm, I am often asked the question “should I buy a property?” Depending on the location and the price range, some properties are worth around 50% of the price in 2007. If you consider the exchange rate in sterling, this is still cheaper than it was at that time. Mortgages If you borrow locally in France, you can fix the current low interest rate for the whole period of the loan. When I moved from the UK to France over 30 years ago, I was very surprised that one could borrow money on fixed interest rates for the whole period of the loan. Depending on age, the loan can be up to 30 years. With interest rates below 2% to currently borrow money on residential property, it is a very good time to take out a mortgage.
Read the full article published in French Property News – May 2017
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