(What is this?)
Home > France > Property > News : French property market shrugs off sub-prime
Not registered?  Join IPIN now FREE   |  Forgot password?

French property market shrugs off sub-prime

Article Date : Monday, February 25, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The French property market is shrugging of the effects of the much-feared credit crunch, say experts.

Amid wider concerns in the European financial markets and indications that the property sector will feel the knock-on effect of less readily available credit, France has so far shown no signs of feeling the pinch, according to a leading independent financial services group.

Matthew Weston, who specialises in overseas mortgages for Blevins Franks, said that some French banks had been offering a number of products which had helped keep the market strong.

Cheaper fees, higher value mortgages and products targeted specifically at non-resident buyers had helped shore up the market, with Mr Weston saying the sub-prime crisis has had "little to no impact on the non-resident property investment market in France".

"The French mortgage marketplace has grown increasingly competitive over the last few years as banks have enjoyed a property boom and soaring new levels of mortgage business," he added.

"In the wake of the credit crunch, French bankers' trepidation that this boom may be over may explain why so many lenders this year are offering new or enhanced products and cut-cost discounts than ever before."

Mortgage lending in France in the last three months of 2007 revealed an increase of 3.8 per cent compared to the same period in 2006.
Listing Separator

Related Articles

  1. French government to ensure France stays most popular tourist destination in the world
  2. Daredevil condo hotel brings leaseback concept to Paris
  3. Enhance Your Cooking with French Cookware
  4. Building Surveys - A roof over your head
  5. French Letter Boxes



Listing Separator

Let us search for you Let Us find Property in France for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in France.
Let us searchHelp me find property in France


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: France
Channel: All

More RSS FeedsGo

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo

Media/Press SectionMedia/Press Section

Are you a Press or Media professional? We have access to a wide and varied collection of data and statistics which may be of interest to you.

Journalists click hereGo

View News by ChannelSee Your News Here

Submit your news feed for spidering by our news robot. Simply enter the url of your RSS feed in the text box below and click the submit button

Submit Your RSS FeedGo