It is possible that the French property market recovery will still be in effect in 2017 but a combination of three factors has made price growth predictions very inaccurate. Elections, interest rates, and market conditions all affect the French real estate market. If Marine Le Pen wins the French election it would have an effect similar to the Donald Trump election in the United States. Mortgage rates will rise due to investor uncertainty and the costs are passed on to the borrower. Another factor in the market is the fact that the French government does not guarantee real estate buyer assistance programs.
“The first quarter of this year has seen the three combine to blow all expectations for price growth out of the water.”
Rory Ramsden is a French property finder and buyer's agent working for high net worth private clients wishing to buy a chateau, manor or vineyard in the south west of France. He has lived in France for 8 years after spending time travelling the world on business.
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