French property prices 'holding steady'

Property prices in France are stable at present, a mortgage provider has stated.

Director of French property firm Athena Mortgages John Busby remarked that a mixture of price rises and regional variations is giving "overall stability to the French market", Country Life Magazine reports.

The publication noted that this has seen variations such as a 1.6 per cent rise in Brittany but a 14 per cent drop in Normandy over the past year.

Athena's latest report shows banks to be increasingly willing to lend, the magazine noted.

Such a situation could help those keen to buy in France to pick up a property at a price that suits them.

Overseas mortgage expert with Conti Finance Michael Axelrod wrote on the Mortgage Solutions-Online website this week that the current market in the country is "calm" and that obtaining mortgage finance there is easier than in Britain.

This is because French banks had less exposure to the US subprime losses, he noted.

Like this? Then share with your friends and colleagues!