Property purchase in France

Willygbr

Hi All,

My 1st post! For me this is one of my bigger life moves.

My question is I am in the throes of buying a house in France,we are getting close to the deposit stage, the money used to purchase it is from a retirement fund and savings, the idea is that next year my good lady wife and myself will sell our UK property and semi retire to France (my wife has sometime to go yet for retirement).
What concerns me is the current problems with the Euro, if it was to collapse is where would it lead, would countries revert back to their old currencies (e.g Francs) would it be wise to hold back from purchasing for a while to see how it pans out?
Sorry if this is the wrong section to post

Your thoughts, especially from those already there would be appreciated

Mike

G_M

Yeah this is not a property-related Q, it's finance.

Try the savings forum? or fool.co?

Having said that, if this is a long-term retirement plan, does it matter what the Euro, or French property prices, do? This is less of an investment and more of a life choice. You buy a new home in France and get to live in it.

OK, if you wait and the Euro crashes next year, you could buy a bigger retirement home for your cash, but you could wait for ever trying to 2nd guess what future exchange rates/property prices will do.

Just plan a nice retirement and get on and live it out!

jimjames

If the euro collapses what would happen to the currencies of the countries in it. I would guess ones like Greece would drop massively but others like France or Germany are likely to remain fairly static once the bombshell has sunk in as they are pretty sound and likely to be close to their current value.