France back in the spotlight as interest rate reduction is predicted

IMOINVEST, specialists in the French property market, predict that now is the ideal time to invest into property in France. They anticipate that the orientation of the Central European Bank concerning the Euribor (Euro Interbank of fixed rate) should decrease and have an effect on interest rates offered by the French banks, which are expected to decrease as well.

The Euribor is a daily reference rate based on interest rates at which banks offer to lend unsecured funds to other banks in the Euro wholesale money market.

Julien Lu Regional Director of IMOINVEST says, “Euribor rates are used as a reference rate for Euro-denominated forward rate agreements, short term interest rate futures contracts and interest rate swaps, in very much the same way as LIBOR rates are used for the US Dollar denominated instruments. They thus provide the basis for some of the worlds most liquid and active interest rate markets. We anticipate that this interest rate decrease will have a positive effect on the French property market and investors can expect to see strong capital appreciation as a result.”

IMOINVEST are currently marketing Domaine du Golf in the charming town of Fabregues ideally located close to Montpellier in southern France. This charming Languedoc town is just a 20 minute drive from the ancient city of Rodez, with a backdrop to the Aubrac Mountains and in an area dotted with ancient stone villages.

Residence Domaine du Golf will comprise of 110 one, two and three bedroom semi detached properties and cottages surrounded by well maintained landscaped gardens with two swimming pools and adjoining a private 9 hole golf course. Each property will be fully air conditioned and come with fully fitted kitchens as standard along with private car parking facilities. In addition the properties will boast sunny wooden terraces with Jacuzzis overlooking the mature grounds. The development will also offer state of the art security with surveillance cameras throughout the grounds.

Prices at Domaine du Golf a leaseback opportunity start from just £53,666 for a one bedroom and owners will benefit from up to two weeks of personal holiday each year with a guaranteed rental income of 4.8%. The Languedoc region is showing excellent capital growth where prices are rising quicker than the national average, at around 20% per year.

For more information, visit imoinvest.com.