Best buys on French mortgages drop to 3pc A spokesman said: "These are the best rates investors have seen for more than 65 years so it's no surprise we're seeing investors choosing to lock in some long-term value in French bricks and mortar." He added: "With such low rates it is now much easier for investors to find self-financing properties, especially in central Paris and the Alps. Seasoned investors understand that these rates won't be around for long so they're trying to capitalise now. The company said the current rates on offer were 0.25pc below those available in the late Forties and were available to those with a 20pc deposit. John Busby, a director at FPF, added that most of the falls in rates had come in recent weeks. The best deal two weeks ago was 3.65pc, he said. There's certainly been increased interest from buyers that has coincided with the rates falls. News has filtered through. But's it also because things are looking better at home. He said the buyers were mostly investors or those looking for holiday homes and that the typical buying price had stepped up considerably in recent months. Telegraph Money says: With mortgage rates for buyers of French property so low, it is bound to draw in buyers, especially the vast areas of sparsely populated France where prices are fraction of those you'd be more likely to find in the UK. But is it wise to buy? The value of a market can be estimated by matching property prices against salaries and - as you would with a business - the earning potential of homes. Then plot these against the historical norms. On these measures, French property is the most overvalued in Europe - 50pc too high against rents and 35pc compared to wages, according to the most recent Economist house price index. While servicing a French loan may be cheap, that doesn't mean French property is.