International Healthcare News: French mortgages 'have low LTVs'

22/03/12 18:27

Expat insurance customers relocating abroad might want to think about taking a mortgage out and buying property on foreign shores.

Conti director Clare Nessling said receiving a home loan in France is relatively secure, with high loan-to-value (LTV) rates.

She explained this sector responded to the global economic downturn in a calm manner, primarily due to the caution its financial industry has historically displayed.

Tourism has recently jumped in Turkey, the specialist claimed, arguing this has resulted in "very lucrative" rental yields for investors.

Furthermore, while Spanish LTVs are still typically around 65 or 70 per cent, house prices in the Canary Islands, Madrid, the Balearics and Barcelona have generally been resilient, so people can purchase property with smaller deposits, Ms Nessling added.

Rightmove Overseas recently reported the most popular country its visitors searched for when looking for real estate in February was Spain, accounting for 21.72 per cent of all searches.

France came in second place, with this figure reaching 17.28 per cent.

Moving abroad? Get a free quote for your international medical insurance online.
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