French property investment is about to get much easier for some buyers after it was revealed 100 per cent mortgages are available to non residents on homes across the country.
French Mortgage Direct revealed people can now borrow the whole of the price of a property with a capital repayment mortgage, anywhere in France.
One hundred per cent loans for French homes have previously only been available in certain designated regions.
Loan providers also said French property investment could be a good bet thanks to the relative stability of the local market, which is “underpinned by responsible lending” as opposed to markets like America and the UK.
Brand new homes are still springing up across France, with property close to the coast and ski resorts still popular with international investors.
French Mortgage Direct said the development was “excellent news, as it limits the cash output a purchaser needs to make to just the notary fees and agency fees”.
Recently released French property investment opportunities include off plan apartments in the Grand Massif ski domain, from 194,000 Euros ($244,000) at A Place in France.
Homes have also recently gone on sale off plan at an apartment scheme at La Croix Valmer, in the Gulf of St Tropez and available from 225,500 Euros ($284,00) .
According to French Property News, property investment in France has seen greater interest from buyers whose local homes markets are struggling, such as the UK.
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