France 'the most popular British market'

More people want to buy an overseas property in France than anywhere else, it has been stated.

Overseas mortgage firm Conti revealed that so far this year the country has been the subject of 31 per cent of customer enquiries, making it the most popular destination.

This tally more than doubled the 15 per cent of enquiries France accounted for in 2008.

Analysing the findings, the firm said the cautious lending and consequent greater stability of French banks means there is more mortgage choice there, with 100 per cent home loan deals available.

It also noted that property prices have been trimmed by many sellers to secure a transaction, making it a "buyers' market".

This and low interest rates make it an "increasingly attractive investment proposition", Conti declared.

Last week, estate agent with Leggett Immobilier Mary Hawkins told the Times that many of the bargains can be gained from Britons looking to sell their French properties so they can buy in Britain as UK prices begin to increase again.
 

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