Interest in Buying Property in France Surges as Pound v Euro Exchange Rate Reaches Four Year High.
This week saw the pound strengthen further against the euro and reach a high not seen since October 2008.
(PRWEB) July 18, 2012 This week saw the pound strengthen further against the euro and reach a high not seen since October 2008.
£1.00 will currently buy around €1.274 which is a significant increase if you are thinking of buying property in France.
As an example, if you have a budget of £250,000 you would have had €282,500 to spend in Autumn 2008 while you would now have a healthy €318,500. At the higher end of the market some recent clients of ours with £800,000 to spend on a property in France were over €115,000 better off than they would have been four years ago. This additional purchasing power enabled them to trade up in terms of location which also helps long term investment value.
For those searching for Paris apartments for sale, a new-build residence in now available through UK property agent, Experience International, and is located in one of the city’s most sought-after areas on the river Seine.
(PRWEB) May 10, 2012 According to Knight Frank’s Prime Global Cities Index, Paris properties recorded price rises of 22.2% in the year to March 2011. The current undersupply of Paris apartments for sale and growing interest from international investors has helped drive prices up, and has created a new demand for new property for sale in the city.
Outperforming all other cities monitored in the report, the property market in Paris has shown resilience throughout the global economic downturn, with experts from Knight Frank praising the city’s performance.
(PRWEB) March 30, 2012 According to foreign exchange expert Caxton FX in a report commissioned by the Independent on Sunday newspaper, France is still first in the top ten buying destinations for UK overseas property investors followed by Spain and United States.
France, a long established destination for UK buyers, has the advantage of close proximity to the UK and the appeal for UK buyers of being able to 'pop' across the Channel while still being close to home. In addition, France has enjoyed a relatively stable property market when compared to the sharp falls in property prices seen in other European countries.
In an interview with MyIntroducer.com, Clare Nessling, Director at overseas mortgage specialist Conti, comments:
(PRWEB) February 29, 2012 Following a report that the Bank of England is now using internet search data as an economic indicator, Leggett Immobilier is pleased to publish their "LOVE France" (Leggett Online Visitor Enquiries in France) index - a monthly analysis of visits to their leading French property website.
In 2011 Leggett Immobilier increased sales by almost 30%. Jan 2012 has shown interest in their website http://www.frenchestateagents.com continuing to rise with with an increase in visitors to over 100,000.
The biggest jump in visitor numbers has come from the Channel Islands with an increase of 85% from Guernsey and 46% from Jersey. These potential buyers have also taken a strong interest in the new website of prestige properties (http://www.leggettprestige.com) although these figures are not included in this indices.
The 1st half 2011 Paris furnished apartment report has been released. Data about the Paris vacation rental and furnished apartment markets is included in the report. NYHabitat is one of the top providers of furnished apartments and vacation rentals in Paris. The company is happy to share this information about the trends affecting the Paris apartment rental market in the 1st half of 2011.
New York, NY (PRWEB) February 21, 2012 The 1st half 2011 Paris Furnished Apartment Market report contains the latest trends and info from the Paris vacation rental and furnished apartment rental markets. The report contains the details about what is currently happening in Paris and provides comparison data from 2009 and 2010. Included in the report is information on pricing trends, neighborhoods, types of apartments rented and more.
(PRWEB) October 12, 2011 Increasing interest and the rise in value of properties in the French Alps according to the Q2 2011Knight Frank Ski Index, alongside new figures released by Savills International and HomeAway.co.uk stating that France has now over taken Spain for the favourite location for UK investors, has led to Experience International’s launch of a free 2011 Autumn French Leaseback Property Magazine.
According to the latest Knight Frank Ski Index, there has been a reported rise in the value of properties in the French Alps due to Eurozone buyers boosting the market. Evaluating the performance of ski properties in key winter sports locations, the report highlights key areas in France, including Courcheval, Megeve and Val d'Isere, which have seen an increase in interest from investors.
In total, the latest Knight Frank report has found the average annual price growth for ski properties in Europe was 1.7% in Q2 2011.