While some may see the grey cloud of recession looming above, others are looking at the silver lining. In the foreign property market, news of price drops in France and Spain could deter some who had once dreamed of a real estate portfolio bathed in sun. However, French property consultant VEF takes a different view of the global economic slowdown, by suggesting that now could in fact be the right time to buy.
"There are just so many super properties now available to buyers; many at incredibly low prices, so not to buy now would be very foolish," a spokesperson for the company stated.
According to the firm, mortgages in the country are still available to those keen to purchase and there are many that aren't just looking at the investment potential of French property, but also the opportunity to enjoy a change of lifestyle. The spokesperson noted that there are some property owners who commute back to the UK on a regular basis from their dream house in the French countryside.
