Paris Pricing at a New Record High

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The notaries of France records show that the price increase for Paris on average is estimated for February 2017 to have increased 6 percent year over year.

An average price of 8 500 euros per square meter beating the record of 2012.

Is the sky the limit?

It is worth noting that in 2005 the average price of property in Paris was 4 500 euros per square meter!

Pricing of course varies depending on the part of Paris, the most expensive right now is the 7th Arrondissement at 11 400 euros per meter square and the ‘least’ expensive is the 19th Arrondissement at 6 900 euros per meter square.

If you are interested in investing in real estate in Paris we can help you connect with an English speaking French real estate agent at no charge for our assistance. Contact us here.

Article source in French

French Property Owners New Diagnostic Reports for Renters Required

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French property owners who rent their French property will have to provide their renters with two new diagnostic reports as of July 1st 2017. These reports have to be done by a diagnostic technician.

One
The diagnostic on the installation of electricity

Two
The diagnostic on the installation of gas

If you need an English speaking French real estate agent we can help you connect free of charge. Contact us here for assistance.

What is a Manoir or Chateau in a French real estate advertisement?

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In a French real estate advertisement a ‘Manoir’ refers to a home that was or is the dwelling place of a person of noble ascendancy. It may be a large home that has some defensive elements built in.

In the different levels of real estate types in France it lies below the position of a castle.

I do find it interesting that I have seen ‘Manoir’ in France that are called a ‘Chateau’ like the one in the photograph I took above (Château de Flaugergues in Montpellier). When I looked at the design I thought this is not a castle but a manor house or ‘manoir’ in French.

In fact, the term Chateau in French does not mean automatically castle, a chateau can be a medieval fortress or a large country home, according to my experience in France many French châteaux are in fact large country homes and not castles.

Maybe I need to do more on location research.

If you would like to buy a French country manor or castle we can help you contact an English speaking agent in your area of choice. Contact us here.

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French Property Sales Increased in 2016 Prices Starting to Increase in Certain Places

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The Notaries of France have announced that there were 840 000 French real estate transactions in 2016 compared to 2015. That is an 11 percent increase in the number of sales.

Time to head to the market!

The increasing activity in the French property market has placed pressure on prices and in the following French towns there has been an increase in prices overall:

Lyon

Bordeaux

Lille

Nantes

Marseille

Reims

This is positive news after 4 years of dropping prices.

Interestingly, prices appear to be down in Nice, Montpellier, Angers and Saint Etienne at this time. Perhaps, this is a good moment to visit and invest in the areas where the price is going down especially since Nice on the French Riviera is an ever popular destination in France.

If you would like to learn more about investing in French real estate and how to get your best price check out our 110 Tips Buyers Guide.

Looking for an English speaking French real estate agent then we can help you connect with one at not charge for our assistance. Contact us here.

Article source in French