Like France - but worried about the exchange rate?
Over the last few months the value of the pound sterling has tumbled (should that be tumblred?) against the strong euro. For British buyers this has meant the value of French Property has increased by about 20%. So is it a good time to buy?
Value of Sterling
Is sterling going to recover in the short term? Probably not - in fact parity against the euro is likely. Who can say about sterling in a few year’s time. But I suspect the value of sterling will recover at some point - but not soon!
French Market
The French property market has been more resilient than the UK market but rural property is weaker that urban property. The French typically still want to buy in the cities (and they are resistant to renovating older rural properties). So you will always be able to negotiate strongly on rural French property.
Good value
There are plenty of French properties that are extremely good value at less than 100,000 euros. You would not be able to pick up such a property in the UK - even in today’s market.
Lifestyle
Many people move to France (or buy holiday properties there) for the lifestyle - food, wine, weather, friendly environment, bars, etc. If the lifestyle is your choice, why wait? If you are waiting for the pound to recover, it could be a long time! Want the French life - start looking now!
