ALL >> Real-Estate-and-Foreclosure >> View Article
Best Time For Buying Overseas Property In France

If you are planning to make investment in overseas property, and especially keen on overseas property for sale in France, then let me share a fact with you that this is the best time for buying overseas property in France. And if you are cash rich, and are well funded you are indeed lucky!
The reason for this is that (according to leading financial newspapers in France) 2008 is the first time in last ten years or more that property prices in France have come down. And with prices of houses and properties falling, and as obvious fallout of it - credit more difficult to obtain, cash buyers are enjoying win-win situation. Believe me, people with cash literally hold all the cards.
Not very long ago the French estate agents association FNAIM had reported that house prices in France have dropped by approximately 3.5% in the third quarter, and were now on an average approximately 5.9% lower than they used to be in the same period last year in 2007. The noose tightening of credit-conditions has proved to be a crucial factor that has affected the market conditions.
The interest rates have gone up from what used ...
... to be at around 4% per annum to close to around 6% in today's date. Not only have the interest rates gone up but also the sanctioning of loan for buying property has become far stricter. The banks in France have incorporated documentation, paper work and terms and conditions, which are difficult to furnish.
As far as the prices of apartments in France are concerned they have also dropped by 2.3% in last quarter, and by 3.1% in the past twelve months.
Needless to even mention that France is a great place to live. The quality of life is such a lot better in France. The infrastructure, especially the roads there deserve a special mention as they are an absolute joy to drive on, and the weather can beat that of United Kingdom.
Whether you are looking for a chalet or a farmhouse, even if you are looking overseas property for sale in France for your first home, a family residence, a holiday apartment or a comfortable retirement home, make sure you are approaching the right and honest Overseas Property Dealer in France. Choose a real estate agent who is capable of guiding you through the legal process of buying overseas property in France. He/she should be in business for some time and should have thorough knowledge about the legal intricacies involved in buying overseas property in France.
Investing in property involves a fortune so you better do your homework properly because once your funds or deal falls in the wrong hands that's the end of it. I don't mean to scare you by any means. I am just trying to be as straight forward as possible so that you don't regret it later and your property does what it is suppose to. Increase your self worth in more ways than one. Good luck!
For more resources about Buying Overseas Property in France or even about Overseas property for sale in France please review http://www.asset-property.com/
Add Comment
Real Estate and Foreclosure Articles
1. Trueasset ConsultancyAuthor: Anju Trueasset
2. Foreclosure Survival: How Cash Buyers Can Save Your Home Sale
Author: Rick
3. Manufacturing Unit For Rent In Sanand: Everything You Need To Know
Author: Ashishestate
4. Looking For An Industrial Shed For Rent In Sanand? Here’s What To Check
Author: Ashishestate
5. The Role Of Concrete Sand In Road Construction And Infrastructure
Author: doctorsand
6. Sell House As Is – A Quick And Hassle-free Way To Get Cash
Author: Joe Home Buyer Denver Metro
7. Top Reasons To Choose Bizzhub’s Coworking Space In Indiranagar
Author: Bizzhub
8. Top Reasons To Consider Office Space For Rent In Vasant Kunj, Delhi
Author: Hsnrealty
9. Steel Vs. Wood Vs. Aluminum Garage Doors – Which One Is Right For You?
Author: Door-Tech Garage Doors Services
10. Stunning Townhome In The Heart Of Innovation Is Being Sold Privately!
Author: Bruno Versaci
11. Why Businesses Are Turning To Commercial Property Portals In Bangalore For Office Space Solutions
Author: CityInfo Services
12. How A Manufacturing Unit On Lease In Sanand Can Boost Your Business Growth
Author: prakashestate
13. Industrial Shed For Rent In Sanand: How To Find The Perfect Space
Author: prakashestate
14. Key Benefits Of Taking A Manufacturing Unit On Lease In Sanand
Author: Divyaestate
15. Find The Best Industrial Shed For Rent In Sanand – Expert Tips
Author: Divyaestate