Monday, 17 July 2017

GBP/EUR Rallies to Three-Week High of €1.14



Last week’s high: €1.1430

Last week’s low: €1.1185

Pound Rebounds vs. Euro


After struggling for the first half of last week, GBP/EUR surged on Friday thanks (in part) to Bank of England (BoE) official Ian McCafferty. As well as asserting that he would still be voting for higher borrowing costs at the next BoE meeting, McCafferty implied that the central bank should consider winding down its quantitative easing programme. ‘Given that other central banks are thinking about it, I think it would be remiss of us not to at least think about it. I think it’s a question that needs a bit of asking.’

Meanwhile, speculation about the European Central Bank’s (ECB) plans for quantitative easing put the Euro under pressure.

According to recent reports, the ECB is planning to keep its asset purchase scheme open-ended amid concerns it may have to backtrack on tapering plans if the Eurozone economy falters.

The GBP/EUR exchange rate was also able to advance to a three-week high thanks to positive progress in the UK’s Brexit negotiations. The UK Government appeared to be taking a softer stance on the subject of the nation’s financial obligations to the EU after its exit, and this change in tone was viewed as being positive for the future progress of Brexit discussions.

Many thanks to Foremost Currency for the content of this article

Thursday, 13 July 2017

La fête nationale de la République française


Totally unrelated to property - A very important date in the French Calendar: Le Quatorze Juillet, or Bastille Day. Blue, white and red flags will be on display throughout France the French and Francophiles around the world celebrate the country’s national day. Celebrated just 10 days after America’s Independence Day, Bastille Day marks a truly important date for France.

Bastille Day originated on July 14, 1789 when a group of revolutionaries and troops stormed the medieval Bastille fortress in Paris that was at the time being used as a prison for political prisoners.

The storming of the Bastille marked the start of the French Revolution. The prison represented the hated Bourbon monarchy, and it was the end for King Louis XVI and his wife Marie Antoinette. France’s new revolutionary government ordered the Bastille prison torn down and the last stones were removed in 1790.

Today, fireworks, parades and parties mark the modern celebration of Bastille Day. Among the celebrations, there is the Bal des Pompiers or a Fireman’s Ball. This tradition, which started in the 1930s, is carried out by fire stations opening their doors to host fundraising dance parties. The money collected goes to help funding of the fire stations all over France.

Jets for the Patrouille de France fly over the Arc of Triomphe during the traditional Bastille Day parade in Paris, France. Photo by Thibault Camus/POOL/EPA


Monday, 3 July 2017

Mortgages



Many of our clients are cash purchasers. In fact probably over 90%. But even if you can purchase for cash, there are numerous advantages of taking a mortgage in France.

Borrowing money in the country of residence (typically UK Buyers for 2nd homes), often involves securing a mortgage against a main home. This means leaving less equity available for future investments or for unexpected events.

It is essential to maintain a balance between liquid assets and real estate. If you take a French mortgage, it will enable you to keep cash / liquidity in order to seize other investment opportunities.

In certain cases you could reduce exposure to French property taxes - A French mortgage has certain tax advantages (for ISF and rental income). For more information please contact a tax adviser.

We can arrange finance for the purchase up to 6 months (existing property) or 12 months (new build) after the signature at the Notaire’s office.

See https://www.allez-francais.com/finance/mortgages or contact Peter at sales@allez-francais.com to find out more…………

We have partnered with BNP Paribas International Buyers to offer mortgages for numerous projects and purposes: main home, second home or rental properties. With more than 20 years of experience, BNP Paribas International Buyers are dedicated towards assisting its international clients throughout the buying process, from the initial search for the best mortgage solution right up to the payment of the final instalment.

We have also partnered with CAFPI, France’s No 1 mortgage broker. Established now for over 40 years, they have contacts with over 100 lenders to offer the best choice of schemes and rates available. (Some not available to individuals).