Transaction of the month – Big savings by expat in Switzerland
This month’s transaction of the month is by a british expat based in Switzerland. He saw his targeted property – a villa in the South of France – reduce in price by 15% overnight after Switzerland release the rate cap on the Euro.
Of course, as well as a reduction in price, his affordability also increased, enabling him to secure a 9 year fixed rate of 2.75% on roughly €1.5m of borrowing. the property value was around €3.0m.
There have been a number of CHF buyers coming through over the past week and we expect to see many more as the outlook for buyers improves in France.