Mortgage Rates

Mortgage rates in France recently dropped to their lowest levels. The average lending rates have fallen from previous lows of 2.9% in May last year to 2.8% now. Apparently it is possible to get a mortgage fixed at 3.25% for 20 years.  Good news for   buyers of French property who will be able to plan their long term finances more easily.

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French Administrative Regions

President Hollande has revealed his plan to cut the number of administrative regions in France from the current 22 to 14. The plan is to save money by redrawing the boundaries of  the administrative regions, the origins of which date from the Napoleonic era.

Of course, the plan has to get through the French legislature and, assuming it does, just might take effect from late 2015.