Monday, October 11, 2010

French interest rates lowest since 1945

I saw an interesting article by Sextant Property over the week-end.

It points out that interest rates in France are the lowest they have been since 1945 with an average of 3.3% last month. They say:

The lowest previously recorded rate was 3.36% dating to the fourth quarter of 2005, the authors of the study remind us. “The financing conditions of the banks are still excellent, and their active commercial strategies are the root cause of this record”, explains Michel Mouillart, economics professor at the University Paris X-Nanterre.

If you read my previous post about comments made by the US investment guru John Paulson it adds credence to the arguments made by the "buy now for long term growth" supporters.

You can see an up to date "best buy" table of mortgages by clicking here.

1 comment:

Chris said...

Cash really is king, if you have the money with interest rates so low and it being a buyers market it is a uniquely good time to buy if you find the right property.