HOUSE IN CANNES, FRANCE, 6 BEDROOMS Credit for the luxury property? Why not!

Nowadays credits for dwelling purchasing in European countries are very cheap thanks to EURIBOR low interbank crediting rate. Banks are ready to give you a credit with the floating rate of interest which can vary from EURIBOR + 0.5% to EURIBOR + 1.5% and higher depending on your credit profile. Interbank crediting rate has been stably decreasing in 2009 and till the end of the year it can reach 1%. Accordingly a credit on dwelling purchasing can cost in 2009 from 1.5% to 2.5-3% per annum.

Getting such a low interest isn't impossible and our company can recommend those banks which are ready to work with Russian clients buying foreign real estate.

It should be mentioned that there are such forms of credit which let you avoid annual discharge of wealth tax during all the period of credit affect. For example in France wealth taxation is imposed on any property which costs more than 720 thousands Euro. The rate varies from 0.55% to 1.8% every year depending on the cost of your property.