You are here: Home - Mortgages - Buy To Let - News -

British love affair with France still going strong

0
Written by:
19/09/2012
France still heads up the leader boards for Brits looking for property abroad, according to overseas mortgage specialists Conti.
British love affair with France still going strong

For the fourth year in a row, France has topped the table and accounting for 45% of mortgage enquiries received so far this year.

This makes it the country’s biggest share achieved to date, and compares with 39% last year, and just 15% back in 2008.

Clare Nessling, Conti’s operations director, said: “Buyers have increasingly been sticking to locations they know and trust, which is why France and Spain are out on their own at the moment and Portugal is starting to rise in popularity again too.”

Conti says that against the volatility of the British market, French property is seen as an increasingly solid investment option over the long term. It’s also affordable, with rates currently starting from just 2.79%, and mortgage availability is still generally very good.

Alongside France, Spain also remains a firm favourite with Brits, as the Mediterranean country is up 31% from last year and up from 14% in 2008. Conti say that this is largely due to excellent buying conditions and signs that the market is starting to bottom out.

Nessling added: “The euro zone crisis continues, but the growing strength of the pound against the euro is boosting the budgets of people in the UK who are looking to buy property in these locations.

“This together with some bargain property prices and low interest rates, are making it even more affordable. It also helps that these countries offer easy access from the UK, and rental opportunities are good too.”

Following France and Spain, Portugal heads up third position for the second year running as falling property prices draw the buyers back in.

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
2206670-ubs-2
Spreadbets and payday loans: Secret life of UBS ‘rogue trader’

The former UBS trader accused of losing the bank more than $2bn in unauthorised trades owed money to eight payday...

Close