France still accounts for the biggest number of mortgage enquiries received at Conti, and that shows no signs of changing. It continues to enjoy a very stable property market, primarily due to its financial system having been more cautious in the past, and as it’s in a relatively secure situation, there’s a strong appetite for lending to foreign investors. In some cases, it’s possible to borrow up to 100% of the value of the property.
Clare Nessling, Conti’s operations director, said: “According to our records, this is the lowest rate we’ve offered for property in France. The country has become an increasingly attractive investment option, not least because of very low interest rates and easy access from the UK, but also due to the falling value of the euro, and lower property prices, with many sellers dropping their prices to levels we’ve not seen for several years. But the bargains won’t last forever, so prospective buyers may want to act sooner rather than later.”
