The uncertainty resulting from the Eurozone crisis does not seem to have adversely affected the ski property market in France which seems to have settled as the ski resorts open for the first weekend of the season.
Potential buyers are now choosing not to wait any longer to invest in a second home on the slopes, according to the latest market report from the ski specialist team at Erna Low Property.
Exposure to the currency risk has worked in favour of our clients who have seen a 15 to 20% in the drop of the Euro, that was nearly on a par with sterling 12 months ago which is encouraging for investing now, the firm says.
In the past 12 months, Erna Low Property has seen 60% of clients financing via a French mortgage, the other 40% are cash buyers. Transactions are up 30% year on year and the average property price purchase is around
This article is copyrighted by Property Wire - Premier global property news service