Although French house prices are expected to fall during the remainder of 2014, they should recover in 2015 and 2016, according to ratings agency, Standard & Poor’s. This is due to a shortage of housing and increasing demand brought on by low interest rates.
Growth of one per cent is predicted for 2015, followed by a two per cent increase in 2016. Standard & Poor’s expects a four per cent fall in 2014, but the market should start to recover next year from its long period of decline and stagnation.
So, with prices still low, but future growth predicted, it’s a good time to be considering this market. Mortgage rates are currently at their lowest in more than 60 years and the stronger pound is providing more buying power. Easy access from the UK, a familiar culture and good rental yields are also very appealing to British buyers. Not forgetting the better weather too, of course.
According to a survey conducted by BNP Paribas, Britons topped the list of people who bought second homes or additional properties in France in 2013.
I can see why.
