The French property market continues in vogue
With images of the crystal clear sea and glamour of the Cote d’Azur, the South of France is everything one looks for in a luxury escape. But securing a slice of heaven on the exclusive French coast no longer needs to be a distant dream. The strength of the sterling means that turning a short weekend escape into a longer-term venture is more achievable than ever.
Having hit a high of €1.27 in July, an 11 per cent increase on last year's lows, buyers can get much more for their money. Furthermore property prices on the continent are still relatively depressed, having not experienced the same soaring price rises as the UK has this year.
“Sterling has recently hit a significant high against the euro, meaning the pound will be going the furthest it has been in years within the French market,” says Tanya Uniacke, Moneycorp’s Country Manager for France.
Exchange experts Moneycorp have recently opened an office in Nice and have seen a steady increase in business over 2014. The international payments specialist works alongside a number of French property partners to ensure a seamless transaction process for Brits purchasing across the Channel.
Moneycorp offers competitive rates on all transfers with a personalised service to help all their clients manage currency movements. The experts at Moneycorp also have a great deal of experience at helping people buy properties in France and can even offer specialist foreign exchange tools that can fix the current sterling/euro rates for transfers that will not be taking place for as far as two years in advance. If you’re buying abroad, locking into the current rate can help you budget for your purchase: if you can afford to buy at today’s rate then you know you will be able to afford the property at the completion date.
The British love affair with French property has certainly been reignited. Research by Moneycorp and Savills shows 25 per cent of British people buying overseas are doing so in France – it seems like the strength of sterling means there is no better time for Brits to buy their French dream home. So whether you're after the Lavender scented fields of Provence or lazy summer days in Dordogne farmhouse, Moneycorp can help your pounds pack more punch.