MyRealParis

Are you thinking of buying a stunning property in Paris with Agence Varenne? If so, you’ll like to know that foreigners living in France have an excellent opinion both of France, and France’s economic system.

Please find below some examples! With all these in mind, you’ll feel certain that you’re making a fabulous decision by buying a gorgeous Paris property! Continue reading What Do Foreigners Think of France and France’s Economic System?

Outstanding news if you’re a Brit planning to new your perfect Paris this year! The pound to euro interbank exchange rate has shot up to 1.1534 today, its highest in 10 months, or since May 24th 2017.

As a result, when you transfer money from your UK bank account to France, you’ll receive a much higher euro total. In turn, this will cut your costs to buy your ideal property in Paris, and make your new home in Paris more affordable for you! Continue reading GBP Hits 10-Month High Versus EUR

Are you an international buyer, thinking of purchasing a Paris property in 2018 with Agence Varenne? If so, you might be interested to know what’s the state of the Paris property market at present, and how the market looks set to perform in 2018. With this in mind, keep reading to learn about recent trends in Paris property, including local taxes and interest rates, for this year! Continue reading What’s In Store for Paris’s Property Market in 2018, for International Buyers?

In the past 18 months, there have been three major events that, for French expatriates living abroad, make returning to France more attractive than ever. The first of these events is Brexit, which complicates life for the estimated 250,000-300,000 French nationals living in the UK, and makes “la patrie” far more appealing. Continue reading 3 Reasons French Expatriates Are Likelier to Return to France in 2018

Do you intend to buy a property in Paris in early 2018, whether that’s in Paris’s 8th arrondissement, the so-called ‘Golden Triangle’, or in St. Germain de Prés, Paris’s 6th arrondissement? If so, it may interest you to know that the euro could weaken in early 2018. In turn, when you exchange currencies to buy your gorgeous Paris property with Agence Varenne, you’ll receive a higher euro total in your French bank account! Continue reading Euro may fall in early 2018, Cutting your costs to buy Paris property

Excellent news if you intend to invest in a property in Paris in 2018! Whether you plan to buy a private mansion overlooking a beautiful garden in Paris’s 16th ‘arrondissement’, or you’ve got your heart set on owning the keys to a luxurious pied-a-terre on the Champs Elysées, you’ll be pleased to hear that the exchange rate could rise next year.

Hence, when you transfer money to your French bank account to buy your gorgeous piece of Parisian real estate, you’ll receive a higher total in euros! Why does the exchange rate look set to rise in 2018? Well, read on to find out.

1. The euro may weaken in 2018, as the European Central Bank looks set to keep interest rates low.

The first reason why the exchange rate could rise next year, lifting your euro total to invest in outstanding Paris property, is that the European Central Bank (ECB) looks set to keep interest rates low. The ECB may hold borrowing costs at 0.0% next year, because Eurozone inflation rose just +1.5% in November, below the central bank’s target of close to 2.0%.

As a result, ECB president Mario Draghi could well keep interest rates flat next year, to stimulate Eurozone inflation. In turn, this would weaken the euro, making top Paris property a more affordable investment for you!

2. The common currency could lose out next year, as the Eurozone economy is showing signs of moderating.

What’s more, the second reason why the euro could decline in 2018, which would make investing in gorgeous Paris property more affordable for you, is because the Eurozone’s economy is showing signs of moderating.

For instance, retail sales in the common currency bloc unexpectedly eased -1.1% in October, according to Eurostat this week, below October’s +0.7% rise. In addition, confidence among Eurozone businesses moderated this month, according to Sentix. In turn, this could weigh down the euro, reducing the cost of investing in Paris property this year and next!

3. The euro may slide in 2018, as Germany is struggling to form a stable government.

Also, the Eurozone’s common currency could struggle next year, thus lifting your currency total when you transfer money to France to buy a Paris property, as Germany is struggling to form a government.

In particular, Chancellor Angela Merkel’s negotiations with the Free Democrats and Greens collapsed last fortnight, following September’s fragmented elections. This leaves the Eurozone’s largest economy without a stable government for the first time since WWII, which could weigh both on Germany’s outlook, plus the euro! As a result, Paris property would fall in price.

With all this in mind, 2018 looks like the ideal time to buy an outstanding Paris property, as the euro may fall. In turn, this would cut your costs to invest in Paris!

By Peter Lavelle at foreign exchange broker Pure FX https://www.purefx.co.uk +44 (0) 1494 671800 peter.lavelle@purefx.co.uk