Although the economy in the UK is not recovering at a speedy rate, Sterling does appear to be gaining back its strength against the Euro, which is also weak against the Dollar.

For buyers from the UK looking to buy a property in France, this is significant, as the exchange rate for euros is much better than it has been in recent months – meaning that it will cost less Sterling to buy a property in France. In fact, the price will be around 10% cheaper that is was previously, thanks to the weakness of the Euro.

UK buyers are this year expected to snap up bargain properties in Nice and Cannes, as property developers there are also offering very tempting asking prices.

“Exchange rates are a vital part of the mix for most UK buyers operating in France, but now it seems the tide may be moving slowly in favour of the UK buyer with the weakening Euro opening up some very attractive options for UK buyers. With mortgage rates available from 3.45%, we have noticed a slow but steady increase in enquiries since before Christmas which has continued into the New Year”, stated a representative from a leading estate agent in French property.

For details of property for sale in France, visit the France listings on Rightmove Overseas. One way to save money when buying in France is to use a currency specialist when transferring your pounds into Euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in France, collect The Overseas Guides Company’s ‘France Property Buying Guide’