France has long been one of the most visited countries on the planet. In fact, their single most profitable industry is tourism. France is also famous for its real estate market, which had been booming for decades.
However, when the global recession hit and real estate prices began to fall, eventually the French market was impacted, and even cities like Paris experienced sharp declines. According to recent reports, the market is off by ten per cent in the past year, which means that now is the perfect time to buy real estate that is some of the most sought after in the world.
Who is buying French real estate? Anyone who has ever travelled to France knows that it is one of the most beautiful countries on Earth. That is why France is home to the single most visited city in the world- Paris. But before you buy a home in the City of Love, it is essential that you investigate mortgages for French property .
Why buy in France? As we mentioned, the French real estate market is currently experiencing an uncommon decline. We are talking about a market that has been on the rise for several decades now and its downturn is undoubtedly due to external market forces, rather than any inherent problems in the French market.
It is also a fact that France is by far the most popular destination for both vacations and owners of secondary dwellings. The French call it a pied-a-terre. And as we know from experience, these properties have only increased in value over the past few decades.