France hits No.1
France most popular for Brits buying property abroad, says mortgage specialist
France is No.1 for Brits looking to buy property abroad. According to annual figures just released by overseas mortgage specialist, Conti, it is the most popular country among its customers for the third year running, having scooped 39% of enquiries. The company’s operations director, Clare Nessling, says: "There’s no doubt that France offers the full package for British buyers – easy access, competitive prices, good rental returns and a stable property market. It also offers the most finance options and best available rates in Europe, and it’s this vital combination of factors which are making it so popular."
She goes on to say that France is a long-time hot spot for Britons looking to invest in overseas property. "It’s accessible, safe and familiar," says Clare, "and offers everything today’s buyer is looking for, including a defiantly dynamic property market. Its mortgage market is also very stable, largely due to the cautious approach adopted by its financial institutions in the past. The country is extremely attractive to prospective investors, thanks to historically low interest rates and attractive property prices, so they’re very well placed to pick up a bargain."