Conditions in the French property market appear to be becoming more favourable for foreign buyers. In a recent development, French banks have moved to provide British and Irish buyers with better deals on loan-to-value mortgages. In the past, strict controls made it difficult for foreigners to obtain mortgages at sympathetic rates.

Research by Assetz Finance has revealed that the loan-to-value ratio offered by French banks to British buyers has increased from 80% to 90%. These developments will prove highly beneficial for the many thousands of Britons who purchase holiday homes in France each year.

Assetz Finance's Overseas Mortgage Manager, Katy Hepworth has emphasized the importance of these changes, stating: "This is a long-awaited improvement in French borrowing, and with rates currently starting at 4.45 per cent and mortgage terms of up to 30 years available, these 90 per cent LTV mortgages are extremely affordable."

Looking to buy a property in France? Here are a few points worth considering. A number of new developments have sprung up in recent months, many of which are aimed at foreign buyers wishing to enter the French property market. One such location is the Residence de la Tour de Mare which is situated just outside Cannes. The area possesses excellent sporting facilities, breathtaking gardens and is only a few kilometres away from the seaside. Whilst the cost of a property in a development such as this tends to vary, prices are significantly lower compared to similar residences in Britain.

Real estate agents advise British buyers to take full advantage of these favourable developments. Nevertheless, there are a number of indications which suggest that the French property market is entering a period of sustained growth. The Sarkozy administration has undertaken important steps to kick-start the housing sector. These include the provision of tax breaks to first-time French buyers and the sale of some 40,000 council homes – a move reminiscent of housing policy under Thatcher. It seems as though the French property market is looking towards Britain for more than just buyers these days!