French Mortgage Watch

The French property market for non-resident buyers has continued to perform strongly over the past month. The continuing mix of low interest rates and soft property prices are proving attractive British buyers boosted by increasing confidence in the UK as well as abroad.

Our figures for the first quarter of the year show more than double the number of enquiries compared with the same period last year. This increase in enquiries has also led to an increase in completions with the total amount of loans funded also double versus the same period in 2013.

British buyers are as ever driving the market especially in the Alps where about 80% of the buyers are from the UK. After the initial rush from the prime end of the market we are now seeing more movement from the mid-range (250k-500k) with transactions based on reservations looking to be up heavily in the next quarter.