The Tour de France of the French property market
(by VousFinancer – French mortgage specialist and Clé France partner)
To celebrate the 114th world renowned cyclist event, the Tour de France, French mortgage specialist VousFinancer introduces its own Tour de France of the property market, taking a close look at all 20 key stage towns.
Each year the Tour de France is watched on TV by millions, for the sport but equally because it is a fantastic opportunity to discover more of France. This year, VousFinancer is following the Tour to bring you market insight on the 20 French towns featured in the event. Insight at each stage of “La Grande Boucle” (the Great Loop) will be published here and on social media – follow VousFinancer on Twitter.
This “Tour de France” of the property market is an opportunity to focus on (perhaps) lesser known albeit beautiful towns and cities.
For instance, in Vittel (located in the Grand Est region) properties are priced at under 1,000 Euros (929 Euros) per square metre, whereas they are priced at close to 9,000 Euros (8,942 Euros) per sqm in Paris. In Bergerac (located in the Nouvelle-Aquitaine region) or Foix (in Occitanie) prices are close to 1,200 Euros per sqm, half that of Marseille (Provence Alpes Cote d’Azur region) at 2,559 Euros per sqm, or Les Rousses (in Bourgogne Franche Comté) at 2,329 Euros per sqm.
While there is little difference in today’s interest rates from town to town (most French banks operate regionally), buyers’ purchasing power vary substantially due to the price difference between regions. Indeed, a monthly repayment of 1,000 Euros over 20 years will finance 23m2 in Paris, 76m2 in Salon-de-Provence (Provence Cotes d’Azur region), 147m2 in Puy-en-Velay (Auvergne Rhone-Alpes region), or 219m2 in Vittel (Grand Est region), according to VousFinancer Sandrine Allonier, responsible for all banks partnerships.
Founded in 2008 by Jérôme Robin, VousFinancer is a network of 160 mortgage broker agencies acting for French residents and non-residents alike. Anyone interested in acquiring a property in France (be it a primary residence, a secondary residence or an investment) can benefit from our services. We have access to all mortgage products available on the French market, an advantage which stems from the large market footprint of our group. These banking relationships allow us to access long-term mortgages at very low rates for our clients, and our in-depth knowledge of the banks’ selection criteria means a high success rate on applications.
At VousFinancer we pride ourselves on providing a professional service to our clients, looking beyond the ‘interest rate’, to recommend an all-round solution that considers repayment terms, insurance costs and guarantee options. Our clients always have complete clarity over the total cost of their mortgage and are therefore able to make fully-informed decisions, with no unwelcome surprises. Furthermore, they enjoy the benefit of our services at no cost until finalisation of the transaction, when funds are transferred.
Why not contact us today:
Our Mortgage Advice contact is Aurore Davis who has many years experience so when purchasing property overseas, Aurore and her international team are on hand to offer a personalised service : helping you step by step through the process:
Whether you are buying a French property, re-mortgaging or doing work to your home in France there is lots to consider when it comes to mortgages.
How it works
Aurore Davis from the French mortgage experts 'Vous Financer' outlines how she can help you.
At Vous Financer we have bilingual and bicultural specialists who provide tailored advice to non-residents. Our expertise is an invaluable asset to your project. We operate on a ‘no mortgage, no fee’ basis and we can help you with every step along the way.
Here are some examples of where we can help you:
Assess your borrowing capacity
We offer impartial advice and find the deal that is best for you, based on your financial priorities and comfort level.
Prepare your mortgage application.
We handle the entire mortgage application process and use our knowledge of banks’ acceptance criteria to help you be successful.
Explain your mortgage offer.
We will walk you through your mortgage offer and key repayment terms, and explain any further requirements such as opening a French bank account.
Finalise the transaction.
We oversee the process with the Notaire and the bank, to ensure this crucial step goes smoothly.
Vous Financer have received great reviews from our past clients.
Talk to us at Cle France from the start and we can discuss your needs and lay out some alternatives before arranging for Aurore at Vous Financer to give you a call to go through the nitty gritty.
With Cle France and Vous Financer you have the best possible combination.
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For everything you need to know about French property for sale visit www.clefrance.co.uk
