French Mortgages Now Available For UK, EU & US Expats in Dubai & Abu Dhabi (UAE)
French banks have recently started offering up to 80% mortgages for expats living in Dubai and Abu Dhabi, creating new possibilities for UK, EU and US expats living and working in Dubai or UAE looking to invest in property in France. If you’ve been considering purchasing a holiday home or diversifying your property portfolio, this change could significantly benefit you.
Flexible Loan-To-Value (LTV) Options
French banks are now offering tailored Loan-To-Value (LTV) ratios for both UK, EU and US expats in Dubai with the following LTV ranges:
- UK & EU Expats: 50-80% LTV
- US Expats: 50-70% LTV
These flexible LTV options provide the financial leverage you need to enter the French property market, whether for personal use or rental income.
Recent Interest Rate Reductions
In addition to these flexible LTV options, the European Central Bank (ECB) has recently announced that it’s reducing its interest rates by 0.25% to 3.25% from October 23, 2024. This creates an opportune moment to secure a French mortgage with favourable terms, leading to lower monthly mortgage payments, making property investment even more attractive.
Why Invest in France?
France offers excellent opportunities for property investors, particularly in these two regions:
- The French Alps: Known for high rental yields in the busy winter season, the French Alps attract strong demand during peak skiing months. Resorts like Tignes and Val d’Isère are also developing their summer season, transforming into year-round destinations and offering even more rental income potential throughout the year.
- The French Riviera: With guaranteed sunshine year-round, this glamorous coastal region continues to be a highly desirable rental market, providing consistently high occupancy rates in both peak and off-peak seasons.
Investors can also take advantage of the Para-Hotelier scheme for attractive tax benefits:
- Reclaim 20% VAT on new-build property purchases when set up for short-term rentals for at least 20 years.
- Offset 80% of the property’s purchase price as depreciation over 30 years, allowing for tax-free rental income.
Ready to Explore Your Options?
With high rental yields, recent interest rate reductions, and attractive tax incentives, now is an ideal time for UK, EU and US expats in Dubai to consider property investment in France. Whether you’re looking for a ski home in the French Alps or a sunny retreat on the French Riviera, we can help you find the perfect property and secure the best mortgage terms.
Contact us today to start your journey towards owning your dream property in France.
