france house prices

[woody234]

when the uk join the euro will the house prices in france go up or down

[Dog]

Would it be a good idea if they did and if so would the outcome be beneficial?

[Braco]

Since Hell would by then have frozen over house prices will be of little interest

[Dog]

In hell are houses needed surely a shoeshop would do and could it be adequately insulated?

[Mr Coeur de Lion]

I thought joke threads went in the "lighter side" category at the bottom of the forum?

[bigears]

Join the euro! It will never happen now, in my grandsons primary school they are teaching them about feet and inches.  The uk will be lucky to remain within the community as any referendum will be a resounding, NO.  Mr Blair has a lot to answer for.  House prices in the traditional cheap areas of france have just gone back to what they were, cheap.  People who have spent good money on doing houses up in these areas will struggle on selling to recover their costs.  We live in interesting times. 

[baypond]

[quote user="woody234"]when the uk join the euro will the house prices in france go up or down

[/quote]

only two things matter:

1. what will be the exchange rate? 1.40 and Brits would be buyers.  1.00 and Brits would tend to be sellers.

2. what are comparative interest rates between UK and Europe. If rates higher in Europe then Brits will not be buyers. If rates lower then Brits will be buyers in UK and Europe.

So if the exchange rate is at 1.40 and interest rates in Europe are lower, expect Brits to be big buyers, if it is at 1.00 and rates are higher in Europe then Brits will be sellers.