Quite franc-ly, we can't afford france

The declining value of the pound against the euro has resulted in fewer Britons looking to purchase property in France, it has been claimed...

According to the Agence France Presse, the slump in the pound has caused fewer Britons to look to buy property in the country, with visitors to this month's France Show in London admitting they are having to postpone purchases until sterling regains its strength.

Director of foreign exchange specialist Currencies Direct Mark O'Sullivan told the news source that the current trade values of the euro could remain ‘constant for the next couple of years.'

‘This move down is a shock, but it could be the kind of path of things to come,' he was quoted as saying.

One country where the pound's current value could benefit investors is Brazil, which Halifax states is increasing in popularity with holidaymakers as they look for alternative destinations outside of the eurozone during the credit crunch.

Source: www.propertyshowrooms.com