Looking To Buy French Property In 2018
Buy French Property in 2018 – The Surprise!
The slightly amazing fact is that Brexit has appeared to have had no impact on the number of Brits wanting to buy French property in 2017. This is completely contrary to our expectations and has surprised us….. in a very good way! It appears that the number of people who may have been put off buying a French home until things are more certain has been pretty much equally matched by those buyers who have decided to wait no longer but to get their foothold in Europe now. It must be that some of these purchases by U.K. citizens has added to the increase of 9% in house sales seen in France from May 2016 to May 2017.
Not only has the number of French property transactions increased in 2017 over 2016 but house price increases are also at their highest level since the first quarter of 2011 according to the National Institute for Statistical and Economic Studies (NSEE). The prediction for 2018 from FNAIM, the professional body of estate agents in France, is that these price increases will continue with the expectation that there will be around a 3.9% increase in property prices in the coming year. Much of this increase in demand is fuelled by the historically low French mortgage rates and by the generally held belief that the housing market has hit its lowest prices and from now on the market will be back to steady year on year growth.
So, if you are looking to buy a French property in 2018 what is the best way to proceed? Firstly be absolutely clear about why you are buying a French property, where you want to buy it and what kind of property will suit your needs. Secondly, sort out your finances so that you are in a position to make a buying decision when you find the house. If you intend to raise funds then buying with a French mortgage can be a sensible decision.
Click here for more information about French Mortgages.
Wherever your funds are coming from it is wise to ensure that you know exactly how much you have available for a property purchase before you start to look at properties. The more focused and informed you can be at a time of rising prices, the more likely you are to find the right house without wasting time and money in making too many viewing trips to France and in slowly watching your dream home become too expensive. Finally, of course, use a company whom you have confidence in. At Healey Fox we love sharing our experience and knowledge with potential buyers. Call us for an informal chat about,your property requirements………and look at some of the amazing properties on our web site……… Now could be the best time to seize that bargain.
A good example of property you can purchase in France at the moment is this property below (main image at the top of this article).
3 Bedroom Farmhouses For Sale Charente-Maritime for just €107,100, this is not the only property you will find at this low price. More property in France under 150k.
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