France a stable option for international mortgage applicants

Fri, 25 Nov 2011
Individuals looking into their international mortgage options when considering a move to France can expect to find a stable property market across the English Channel.

This is because Peter Mindenhall, a researcher at IPINglobal - whose first member was registered in 2004 and has the main aim of gaining exclusivity for those who sign up with it - has noted France has held a lasting appeal for Brits in recent years.

The industry figure observed the country's government has continued its support when encouraging foreigners to purchase dwellings across the nation.

He said this has been achieved via the implementation of tax breaks and legislation, creating a period of security for the market.

And although the French property sector has not witnessed the significant price rises seen in Spain and Portugal, "the end result is a stable property market that offers a safer investment environment at the moment, albeit over the longer term".

Individuals looking to attain an international mortgage may need to exercise patience, as it is essential to get all the relevant paperwork in order beforehand, which will then need to be approved.
 
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