You Cannes get a French mortgage

Tuesday, January 22, 2013

You Cannes get a French mortgage

Widespread depressed property prices in many areas of France, combined with French mortgage rates at an historic low means it is a great time to buy in France this year.

According to French property specialists, Athena Advisors, it is possible to get a 20-year tracker mortgage at 2.60 per cent, or a 20-year fixed rate mortgage at 3.60 per cent, with a loan to value of up to 85 per cent.

This has led to increased activity in the property market, according to Nicholas Leach of Athena: "France's socialist government continues to implement pro-growth measures and to clarify its initially confusing position on taxes. This combined with historic low interest rates set is making investment attractive to foreign buyers. Leaseback properties have never been so popular."

Athena Advisors - established since 2003 - sell a range of ski property in the French Alps but also around the Cote D'Azur, and at Parc Eugenie in Cannes they are currently selling apartments from €197,000 - a great entry level price for such a prestigious area.

These new-build apartments are in the popular Oxford district of Cannes, and would not doubt prove great little earners during the Cannes film festival in future years. Find out more at the Athena Advisors website.


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