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The real estate market in the South of France is showing signs of recovery. Figures released by the Chamber of Commerce and the Industry, reveal new home sales were over 3,000 units during 2010. Government initiatives and lower French Mortgage interest rates are believed to be behind the revival. Almost 75% of Alpes-Maritimes property deals involve existing homes; with over 9,oo transactions in 2010, this sector remained virtually unchanged from the year before.

Unlike the UK, France has a long history of prudent lending. The French banks have not suffered like their UK counterparts, meaning they are more inclined to lend to the UK and foreign Property Investor looking for a French Mortgage who might not have considered France before. This all means a French Mortgage is still readily available and great value.

Considerable French Mortgage product innovation by some leading banks and interest rates at historical lows are driving the UK property investor to look across the channel. Properties in the South of France remain in the buyers favour for 2011.

For further information on financing your French property contact French Mortgage Xpress or simply complete the Online Quote Request form and get your French Mortgage Quote in 1 working day!