In France, July consumer confidence fell 2 points to a new 21-year low of –48, worse than forecast. Fear of losing jobs is up 15 points but inflation fear is down 2 points. The French housing market is starting to match Spain’s… Q2 housing permits fell 15.3% y/y and housing starts fell 28.2% y/y. Even non-residential permits fell 20.5% y/y and starts, 13.3% y/y.

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Damian George

Buy Euros - Best Euro Rates

hopefully not

The market has gone quiet. We have gone from 30 emails a day to about 2/3 a day. We are in the Limousin where prices have gone up about 500% over the last five years. Prices will come down but not on the scale of the US market.
If you stick to Cannes / Paris you can still make money on rentals.
But the days of buy and selling in France and making large chunks of money are over just now. Its time to sit tight.
Forget buying to let on 70%/80% mortgage you are just asking for trouble just now.

Cant agree more.

Added to this - flight prices are crazy at the moment BA is looking cheap compared to easy jet and ryanair.

has anyone noticed this?

Also have to say BHC that our enquiries have fallen through the floor - lots of £2/3k transfers to pay the french mortgage or spending money buy no large clients to talk of. Normally this time of year we have 3 or 4 people a day asking to buy euros of 100k plus

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Damian George

Buy Euros - Best Euro Rates