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Brits locked out of French second-home market

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  • Brits locked out of French second-home market

    The credit crisis and fall in the value of sterling has crushed the aspirations of Britons who dream of owning a holiday home in France.According to Fnaim, the online association of French estate agents, the market for second homes in France is collapsing with properties lingering on the market even in areas such as the [...]

    More: Brits locked out of French second-home market

  • #2
    They shouldn't be scared off, i've known properties go for half their advertised price
    The downturn is probably due to if they are moving permanently their UK pensions wont be worth as much
    Can't have your cake........
    Last edited by leeuk; 01-12-2008, 10:36 PM.

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    • #3
      Re: Brits locked out of French second-home market

      Couldn't agree more - prices are well down as the market has stagnated. I am selling a house in France - 70% of its starting sale price from a year ago.
      http://www.frenchpropertyclassifieds.com/

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      • #4
        Re: Brits locked out of French second-home market

        It's the same story the world over, house prices have fallen and cash is king. If you have the money you really can get great deals, even in France. Undoubtedly the fall of sterling against the euro, and it fell again in the past few days, does make quite a difference though.
        Northern Ireland Property

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