International mortgage customers may consider France

Mon, 21 Nov 2011
International mortgage customers searching for a wise investment could consider spending their money in France.

Peter Mindenhall, a researcher at IPINglobal.com, suggests: "France has always been held in high regard by British property investors for several reasons."

One of the reasons for this is the stability of the nation's economy, as well as the security offered by its leaseback system.

Mr Mindenhall notes proposed changes to the country's wealth tax threshold will only benefit investors making cash in France, as those who are laden with assets are unlikely to be better off.

One of the most popular methods of investment by foreigners is to buy property under a leaseback agreement and the expert suggests the system is unlikely to change any time soon, due to alterations in conditions.

The researcher's comments follow reports in the Daily Telegraph that sales of the Overseas Guide Company's guide to France have risen by 192 per cent between June and October this year.

It may suggest that a greater number of people are taking out international mortgages and buying homes across the English Channel as an investment.
 
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