Milieux Property helps expats and international buyers purchase, redesign, and renovate properties in France.
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If you’ve ever thought about buying a property in France, now is the time to act. Interest rates on mortgages in France are at an all-time low and banks continue to push home loan lending to nationals, expats and foreign investors. These trends are set to continue throughout 2023, so let’s look at the benefits of buying property in France at the moment.
These numbers are astounding. The fixed rate for the lifetime of the loan means you’ll never be stuck trying to make payments with unexpected rises in interest rates. With inflation at 8 – 10% (or more!) in Australia, the USA and UK, the ability to park your money in France and pay only 2.5% for 20 years is a huge benefit.
To be able to lock in your debt 5 – 7% below the current inflation rate is very rare and should be taken advantage of.
Add to this the fact that property prices have softened by approximately 5% across the board, which means there are some excellent deals to be had.
The purchase of property in France takes around 3 – 6 months, so it’s the perfect time to secure yourself a deal. Experts predict that prices will soften a little more during this time too.
To find out more about buying property in France, please contact us: at info@milieuxproperty.com
While you’re here, check out some of our other blog posts:
Milieux Property helps expats and international buyers purchase, redesign, and renovate properties in France.