Blog Home > Brittany property demand may rise thanks to eurozone cut

Last week’s decision by the European Central Bank (ECB) to slash interest rates may help increase demand for Brittany property and other property in France, it has been suggested.

French property specialists firm VEF has stated that initial signs following the move are that the level of demand across the country is rising.

It noted that there has been a 120 per cent increase in client bookings for this week compared with last.

Such a situation could see a significant boost for Brittany property as the value of the euro drops.

In its meeting last week, the Governing Council of the ECB resolved to trim the rate by 0.5 per cent, taking the minimum bid rate down to 3.25 per cent.

Such a move follows interest rate cuts in the last couple of weeks by the Bank of England and the US Federal Reserve.

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