3 Amazing Reasons To Buy In France NOW Rather Miss A Chance Of A Lifetime

English: Exchange rate Euro - Slovak koruna De...

English: Exchange rate Euro – Slovak koruna Deutsch: Wechselkurs Euro – Slowakische Krone (Photo credit: Wikipedia)

The Wall Street Journal article ‘American Real Estate Buyers Take Advantage of the Falling Euro’ gives us an insight to why now is time to buy in Europe.

  1. Europe On Sale 25% Discount!: For Americans who have always dreamed of owning a second home overseas but have hesitated for one reason or another, the falling euro’s is a game changer. The dollar has strengthened 26% against the euro in less than a year. The last time the dollar was this trading this strong was in 2003.
  2. Rejoice In Choice:  President Hollande’s market reforms put a damper on a French housing trend that was rising at a time when many property markets around the world were struggling. This led to the housing glut we see today.  “There are also more choices: Inventory of the highest-end apartments is way up”, said Mr. Kraft of Sotheby’s, “partly in response to new taxes on wealth and assets.”
  3. A Perfect Storm – New prices, plus the exchange rates, are just starting to lure Americans back into a market they have avoided since the financial crisis. However, combine that with mortgage rates at an all time low worldwide and this truly is a torrential down pouring of opportunity for anyone who ever dreamed of buying property in France.
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