Rate cut 'could inspire French property investors'
Last week's major interest rate cut could prompt more people to make an investment in the French property market this month, it has been claimed.
With the Bank of England slashing rates to 3% in response to economic pressures last week, British investors may find they have more scope to pursue investment opportunities in France.
Commenting on the anticipated impact of the rate reduction in France, editor of French Property News Karen Tait said: "The rate cut can only be seen as a good move.
"It will take some of the pressure off people and enable those who are serious about buying a French property to feel more confident to go ahead."
David Mbaziira of Currencies Direct agreed that the rate cut could have a knock-on effect for French property, stating: "Rate cuts filtering through from lenders will increase the availability of capital and credit in the UK."
Shelter Offshore recently claimed that a growing awareness of the environment will make France and other European property markets even more popular among UK investors, as they do not require long-haul flights.
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