UK investors capitalising on the weakened euro

UK-based investors in eurozone destinations such as France have been capitalising on current exchange rates, it has been suggested.

International mortgage broker Conti has claimed that the weak euro is helping to ensure that British investors with euro mortgages have been saving thousands of pounds as loan values fall.

According to Conti, the number of real estate speculators who decide to opt for euro-based mortgages is likely to rise if sterling continues to appreciate over the next few years.

Clare Nessling, operations director for the company, said: “Even cash-rich buyers could consider taking out a euro mortgage until the exchange rate improves, at which point they can pay it back and ultimately reduce the price they pay for the property.”