The market for French property may be set to suffer from a reduction in the amount of overseas buyers owing to a combination of economic factors. The European economy has exited recession strongly which has pushed up the price of a euro to record highs against several currencies over the past few months.This has made it less affordable for overseas buyers of French property on two counts. Firstly the value of any deposit available to put towards the French property is less and secondly the higher value euro has decreased the amount non-residents can borrower based on the French banks income to debt ratio affordability criteria.Which brings us to the second reason for the market tightening up, the French banks’ attitude to lending.Many banks have decided to reduce their exposure to the real...
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