Interest Rates on French Loans to buy Property at a Record Low
15 February 2013
While the economy is suffering and tax rates rising there is some good news on the French property scene – interest rates have for property buyers have never been so low.
Conditions for granting loans have certainly got tighter but money is still freely available for our clients looking to .
To give you an idea of just how attractive it is to borrow money in France to buy property, banks are currently offering a fixed rate of around 3.2% for a 15 year loan to cover 75% of the purchase price. This is a rate that applies to the full term of the loan. For those prepared to accept a variable capped rate under 2.5% would appear not to be unusual.