More mortgage approvals demonstrates return to the market for investors

An increase in the number of individuals applying for overseas European mortgages is a sign of the rising confidence in the property market, it has been suggested.

Overseas mortgage specialist Conti has reported that March has been its busiest month in terms of applications for almost a year.

The financial services company witnessed an increase of 48 per cent over the period in comparison with previous monthly averages.

Among the more popular destinations for property investors was France, with individuals tempted by the country's accessibility and favourable rental prospects.

Clare Nessling, Conti's operations director, said that falling prices mean that now is a good opportunity for British buyers to enter the market.

"Confidence is definitely growing, but there's also an element of buyers snapping up bargains in traditional hotspots while they have the chance," she explained.

"Even if you're lucky enough to be a cash buyer, it may be worth taking out a mortgage until the exchange rate improves."

Furthermore, potential investors may be interested to note that France is the number one destination in the world for international tourism, according to the World Tourism Organization.

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