ist for french property

real estate market

The first months of 2008 were very slowly for the French sale of real estate. Immobilier (French estate agents) have low prices on request and only a few visits. But since Easter the French property market has some positive signs with more inquiries and visits.

A major obstacle is the strength of the euro - in fact the French houses more expensive for currencies outside the euro zone. But a growing number of potential buyers in the French property market, the new exchange rate mechanism. Do not expect it back to the old record this year - subject to the new problems in the euro-zone!

Last year the market rose over 4% at the national level in France with "hot spots" such as Paris, slightly increasing. Early 2008, the trends indicate that the apartments have slightly by about 0.5%, but re-sale of houses have fallen. The result is that properties in France on the market with more realistic prices.

French Property Market 2008 - the future

Commentators are confident that the property market is up better than the UK market. Why? Interest rates are lower in France, the French economy is less with the "credit crunch", and President Sarkozy about his tax changes is to promote home ownership. It is hoped that property prices in France is not more than 5%.

Simple Steps

If you are cash buyers, then negotiate about the price! You are in a strong position and with fewer buyers around with money, then suppliers to accept lower offers, as they not worry about the lack of mortgages. Normally home to take about 3 months to complete - Next Buy your Euros, so you do not have to worry about the increasing value of the euro.

Select a currency exchange company, they offer a better exchange rates than high street banks.

There are already many buyers to reduce prices - do not be afraid to negotiate hard, because they are already signaling that they want to sell now! They are motivated sellers.

Howard Bauer
1. for French Property - # 1 for apartments in France
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