(PRWEB) March 30, 2012
According to foreign exchange expert Caxton FX in a report commissioned by the Independent on Sunday newspaper, France is still first in the top ten buying destinations for UK overseas property investors followed by Spain and United States.
France, a long established destination for UK buyers, has the advantage of close proximity to the UK and the appeal for UK buyers of being able to 'pop' across the Channel while still being close to home. In addition, France has enjoyed a relatively stable property market when compared to the sharp falls in property prices seen in other European countries.
In an interview with MyIntroducer.com, Clare Nessling, Director at overseas mortgage specialist Conti, comments:
"Despite the global economic crisis, the French mortgage market has emained very calm, primarily due to its financial system having been more cautious in the past. It offers the most finance options and best available rates in Europe for UK buyers at the moment. Its loan to value ratios are still high and it's quite normal to be able to borrow between 70-90 per cent of the value of a property."
It would seem that France looks set to remain at the top of the list as Trevor Leggett, Chief Executive of France based property specialists Leggett Immobilier, adds:
"We have seen a steady rise in enquiries and sales. France offers some of the best property around, not only in terms of present day price, but also market security and long term value and I don't think this is going to change any day soon"
About Leggett Immobilier.
Leggett is an independent, family run business based in France with a network of over 120 fully trained commercial agents covering most of the country. Leggett offers an unrivalled mixture of local knowledge and national expertise, professional service and full after sales support. The Leggett website http://www.frenchestateagents.com lists over 7000 French properties.