Eurozone expected to exit recession on Nov 13

The EU statistics offices anticipated to announce that the 26 nations that make up the Eurozone will officially exit recession and return to growth. In fact economic confidence in the Eurozone one was at it highest levels for a year in last month due in to increases in factory orders and production.

Inflation is trending down with no increases to the ECB benchmark rate anticipated until 2010 when a .25% rise is priced into the markets currently. Of course things can change and new information becomes available all the time. As in the UK, Eurozone home loan lending is up with these mortgage approvals boosting confidence in construction on both sides of the channel.

There is still uncertainly in the market which is good news for those looking to negotiate discounts for French properties or borrow money from French banks as the lack of inflation is keeping interest rates low. For a list of the best French mortgages available just click the link.

Posted in: French mortgage rates,inflation