Sunday, 21 June 2009

Sunday, 21 June 2009

Encouragement for UK buyers in France

The recent recovery seen in the £ is gradually teasing UK buyers back into the French property market. Sales of property in the UK are slowly getting back on track, enabling many people to revisit their plans for an overseas property. Mortgage lenders are also slowly easing finance back into the system, so that the cogs of finance are progressively being oiled. This is good news for potential UK buyers in France, where property prices are probably back to where they were in 2004. In other words, there are some great bargains to be had. Many vendors have reduced their asking price quite significantly and are still open to negotiation. You can use football as a good example of how one needs to be aware of the impact of currency exchange movements.
Cristiano Ronaldo’s much publicised proposed transfer to Real Madrid was announced on the day the £ hit its highest level against the €uro for six months - and until the paperwork is signed and sealed every rise will costing the Spanish club more money. The pound hit 1.18 euros on Thursday, up from virtual parity at the end of December, and currency experts have calculated that each cent the Euro falls will cost the Spaniards an extra one million Euros. The £80million price the two clubs have agreed would have cost Real Madrid €83 million in January when the pound was much weaker, but at today’s exchange rate the same sterling amount will cost Real Madrid €93 million. The same scenario is happening to ex-pats selling property in France, and this gives buyers with cash in their pockets a great bargaining tool.
As an added incentive to get buyers into the French market, we at Allez-Francais are offering a FREE six month offer of property insurance, for buyers signing a compromis de vente between now and 31/12/2009. (This insurance would have to be arranged via our recommended insurance provider). We believe that we already offer the best option as an agency due to our v Very competitive agency fees v Very competitive currency exchange rates v 1st class service levels v Highly regarded website http://www.allez-francais.com/ v Accompanied viewings & after sales service Visit our website http://www.allez-francais.com/ to see our selection of around 300 properties.Peter Elias (Agent Commercial), La Moinerie, 79500 Paizay le Tort, Deux-Sèvres
Tel: 00 33 (0)5 49 27 01 22 or Tel: 00 33 (0)8 77 07 58 99 Mob: 00 33 (0)6 62 28 02 25
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