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Mortgage Market Dropping in France Lending at a three year low and French property prices dropping .

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Mortgage Market Dropping in France

June 06, 2012 at 2:05 PM

The housing market is sufferring in France currently with the number of mortgages being taken out still dropping month on month.

The amount of mortgages agreed in April 2012 was less than it has been for three years according to figures given out yesterday by the Bank of France.In April, the amount of new mortgages were just 6.2 billion euros, against 6.8 billion in March a drop of nearly nine per cent.

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The last time figures were this low was back at the early part of 2009. This is good news for people looking to buy a second home in France or just sell up and move there as house prices in France are a starting to fall.

Many people who currently own second properties in France are seeing values fall slightly, but there are still plenty of English people looking to buy in France.

The photo above shows a very nice house in Villedieu-les-Poêles which is for sale via the website frenchpropertypages.com for 447,000 euros. It has it's own mini golf course set in 3.5 acres. It's only an hour and a half drive from Cherbourg and less than an hour from Caen.

The closest point to the sea is the beach at Granville which is less than half an hours drive away. 

For advice on mortgages in France we suggest you try mortgagemap.co.uk

 



Tags: French News
Category: French News

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