Euro is weak against Sterling
This is nothing new; the value of euro against sterling has been declining. This decline is also steady since March 2014 with 1€ worth £0.79 in August 2014 compared to 1€ worth £0.86 last year. Do you realize that? On august 6th of this year, the pound euro exchange rate (GBP/EUR) was 1.25995 (-0.18%). Although some economics data recently showed a slowdown in UK (essentially salaries and housing), Sterling remains at a very strong level against Euro. However, this attractive level is not surprising. It is now 22 months that Sterling is high against the euro. In spite of a very supportive European Central Bank (ECB), the EU markets are so far behind the UK in terms of economic recovery because of the value of the currency. The weakness of euro could still be explained in part by the fact that the figures of activity in the services sector was “disappointed”, showing a lower than expected growth, which has fueled persistent fears missteps of recovery. So, what can we do to make a profit out of this attractive level of the sterling? Real estate market is probably the good deal.
A good time to buy in Paris
Okay, so France’s economy isn’t doing too well but France is still a great place to live. With the value of the pound euro exchange rate, don’t you think this is the perfect time to looking for a real estate in France? Thanks to those reasons, housing prices in Parisare on their way down. Many foreigners realize their dream finding the ideal property in France with an advantageous mortgage. French rates are so low at this time, that’s the perfect opportunity to invest in the hexagon. If you are patient, you can find the residence that you wish with some budget and the requirements needed. Actually, french mortgages are so weak that you may probably find an interest rate under 3% for a long term loan! Amazing, isn’t it? And you know what? You can forget about cronuts because you will find very good croissants in french bakeries. By the way, do you know that cronut is a french invention? No kidding. More seriously, whether you want to buy a permanent residence or a holiday home at the seaside, you may be charmed by the French properties market. So, what are you waiting for? Join us, move in France and enjoy it! © French Mortgage Expert.
