Do you think it is a good time to buy French real estate?
Here are Four Reasons to Buyer French Real Estate Today
One
French Property Mortgages are still cheap
If the economy starts to change you may never see such low interest rates for many years to come. In fact, an increase in the current mortgage rates can reduce your available mortgage credit by a large amount.
If you want an overall view of the rates available we can put you in contact with an English speaking French mortgage broker. Contact us here
Two
The French Property will be yours
If you are renting right now you are paying your landlords mortgage and setting them up for a comfortable retirement.
If you have a down payment and you can qualify for a French mortgage with the current mortgage interest rates you will not only be investing in your future you will also have the option to renovate as you wish, you will not have to worry about rent increases and even have the dog you always dreamed of that your current landlord will not allow.
Three
Buying can be easier than Renting
In France right now it is not always so easy to find a property to rent. There are lots of people looking to rent since they do not have the job stability or down payment to buy (plus other reasons) however, there are quite a few properties for sale.
So it is a time to negotiate as a buyer but as a renter you have little opportunity to negotiate.
Four
The Market will change
At some point potential French property buyers who are waiting and waiting will decide to inject their cash into buying property instead of the low returns for money in banks.
When this takes place the best opportunities will disappear quickly and you will be left to compete with the large amount of people who are late adaptors to the market place. This means you will have less choice, less change to negotiate and may end up paying a premium for a property when you could have paid less before.
Article written January 2015
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