The inevitable downturn of the euro may enable money-savvy Brits to snap up a bargain French property in just a few months time, it has been reported.
Anyone dreaming of the perfect French property would be well-advised to wait until the euro drops slightly in value against the pound, then make a cut-price offer on their ideal holiday home, according to Lorna Vestey of the Guardian’s Property Clinic.
Writing for the newspaper, Ms Vestey advised: "You could wait for the euro’s apparently inevitable downward slide then buy in France, Portugal, Spain or Italy.
"I think I might look for a quiet but enjoyable area in one of them and try making offers of 25 per cent or so under the asking price, thereby recouping the loss of sterling against the euro."
She added that properties in France, Spain and Italy are generally stable investments, while all three countries currently have rather sluggish property markets, which may make owners willing to sell for less.
National treasure and music icon Edith Piaf’s French property was recently put up for sale in Provence, according to the Telegraph.
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