Brits eye window of opportunity for European property

The effect of the exchange rate changes over the past few months has been to effectively reduce property prices by around 10%. In addition, aggressive pricing by developers in areas of the Cote D’Azur such as Nice and Cannes is making prime property in France more affordable, according to Tim Harvey, managing director of discount broker, offshoreonline.org. The net effect is to make any purchase of euros around 10% cheaper, saving £20,000 on a £200,000 house purchase. “Exchange rates are a vital part of the mix for most UK buyers operating in France, but now it seems the tide may be ...