London, United Kingdom (PRWEB) October 1, 2008
TheMoveChannel.com, leading international property portal, announces a new cheap French properties for sale, including:
Large village house (147 290? 3 bedrooms, courtyard, Languedoc-Roussillon)
High quality apartments (from 82 000 beds?, 1, Rhone-Alps, skiing great)
Properties in France can not be an investment opportunity UK investors have considered in recent years as the crisis of credit.
United Kingdom remains the largest buyer of French property, representing approximately 60% of all foreign buyers. Russia is also now buy in France, although it tends to be more wasteful target property in the south-east.
Purchasing Power
For years, France has become one of the most vibrant housing markets in the EU. Substantial increases in house prices has been ongoing since 1998 (only Ireland has experienced a long period of growth).
property prices in France tend to be more expensive than most urban areas, although prices may vary. Prices for apartments in Paris (the fourth most expensive city in the world) on average 10 485 m2, while small rural properties go for about half price
.
So, it’s no wonder that France has become a magnet for international real estate investors, not only with the English, but investors from Italy, Spain and Scandinavia, all purchases in a small piece of charm Gallic.
Market Appeal
rental housing market in France is alive and investors have many choices when it comes to rental income and looking for cheap deals.
Rental Return (Residence de Tourisme) – This is a familiar way of buying French property for overseas buyers. In this scheme you buy full ownership, but then leased back to the company for a period of time, usually nine, and then leave it on your behalf. This system can provide a guaranteed return, usually between 3 and 6%, and buyers will also provide a VAT refund the purchase price.
Buy to let – long term rental in France for a period of three years, six or nine. Short holiday let can be very rewarding, but it certainly takes more effort to manage. This will be reflected in higher rental agency fees, and there is a risk of periods of emptiness or void.
System
simple
How to French property
is relatively simple, especially for EU citizens. A notary is required to prepare and then witnessed the signing of the contract, and the notary in France became highly respected, they will also be suitable to play a full service law.
Advances
will be paid about 10% on the day of signature. Sometimes the deposit is less for the properties under the age of five years.
famous French lender and your finances carefully put under the microscope. But there was little change in attitude, in part because the demand for more flexible lending by British buyers, with new interest-only mortgages available.
the mortgage has been extended in recent years, suggesting that buyers have some difficulty meeting interest and repayment obligations. The term mortgage rate today is 20.5 years, according to FNAIM (French Association of Realtors).
European Central Bank has continued to raise the basic interest, but the French property market is a bit ‘less affected other countries as interest rates rise because only 20% of variable rate mortgage loan.
Dan Johnson, Managing Director, comments
“France remains a firm favorite as a property hotspot, which is not surprising, because the country has so much to offer is easily accessible, world-class transport links and travel spots .. It has a beautiful countryside , superb ski resorts, beautiful beaches, and the capital of the legendary All this makes France the magnifique .. “
For more information about the French in general, please visit http://france.themovechannel.com/
Note to editors:
TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. Now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which has recorded more than 500 partner organizations.
For more information and images and interview possibilities, please contact:
And Johnson
CEO
http://www.TheMoveChannel.com
0207 952 7650
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