Euro currency exchange adds to French property appeal

French property is once again proving popular with people looking to buy property abroad.

A strong exchange rate and low interest rates on French mortgages will encourage more people to buy into the French property market, Easier.com has suggested.

The website added: "People who had felt it wise due to the recession to put their purchase on hold until late 2010 have suddenly realised that now is the best time to buy if they are going to finance the purchase with a mortgage."

With sterling trading against the euro at its highest exchange rate since August, the move could become all the more tempting for Britons who want to move to mainland Europe.

Sterling reached a low of £1 to €1.08 in September 2009, but rates have gradually increased so that today £1 buys around €1.15.

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Posted by Eleanor Ward