Why UK First Time Buyers Are Choosing France PDF Print E-mail
Blog and News - Overseas Property Investment
Written by John Angeletta   
Tuesday, 23 February 2010 16:55
Why UK First Time Buyers Are Choosing France

Britains FTB's, fed up with the attitude of lenders and the scarcity of affordble UK property, are looking across the river to France to take their first step on the property ladder. 
 
Whilst the FTB may plan to sit on a property for a while and then sell it to raise a deposit from the profit to buy in the UK other, more established property investors might just like to add to their growing portfolio of properties.
 
With a huge selection of property across France and with the French housing market beginning to move upwards, every shrewd investor should keep an eye on the market as an opportunity for the future. 
 
And with low French mortgage rates and 80% loan-to-value being the norm' a traditional, ready to move in, 2-bed property would require about 200 Euros (£175) per month to buy. Even FTB's can afford to service this payment without a tenant but are quids-in with someone else paying the mortgage.
 
Or, for less than £80,000 (90,000 euro at the time of writing, you can buy a traditional, 4-bed, terrace, townhouse inclusive of three other plots of land and a Carp Lake ( see BMV Property Deal in LAbsie, France ).
  
Less than a hour by air, Brittany, the land of a thousand legends and France's most westerly region is full of little cottages built of stone and slate.  The gray granite walls enhanced by the golden splash of gorse (a dense evergreen shrub with fragrant golden-yellow flowers), or the cloudy blue of a mop-headed hydrangea.

But it's not just the architecture that suggests Brittany (Bretagne) is a land apart. A peninsula thrusting into the Atlantic like the head of some bizarre sea monster is where France seems to fade out and the bewitching Celtic world takes over.

No place is more than an 60-minutes drive from the ocean. Stunning rock formations, secret bays and little harbour towns that in a former times were feared as pirate strongholds.  Huge expanses of sandy beaches, inland lakes, forests, moors and meandering lanes leading to secluded villages and hamlets take you back to a less hurried, more gentle time.

In this time-lagged land you will feel the easy, carefree pace of your childhood, enjoy the warmth of the local people and partake of Kouign Aman (a sweet sticky traditional Breton cake) with strong French coffee, lay back, stretch and breath in lungfuls of fresh, clean Ozone.

No wonder UK FTB's are the new money in France. But remember the bigger picture: any Euro-member can buy in France!
 

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