Author: The ESREA France Team

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French real estate can benefit from the BREXIT Result

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Brexit note: The French real estate market in particular in Paris may get a boost from the results of the vote by the majority of UK residents to leave the EU.

Several international banking institutions in particular those from the US namely JP Morgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley have started to investigate moving their operations out of London, England to several locations including Paris.

If this does indeed happen this will mean that some of the money from the banks employees will most likely be spent now in the Paris real estate market instead of the London real estate market.

Brexit could be good news for French real estate.

Read the source article here in the Financial Times.

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French real estate and Brexit: Who is leaving England now?

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Not happy

The result of Brexit appears to have an immediate impacted on the feelings of non-UK nationals living in England who have contacted ESREA France for advice on how to find an English speaking French real estate agent in France.

For privacy we cannot mention any names, however, let us say we have received more than one inquiry in the day that has passed since the BREXIT vote was taken and the inquiries have been from non-UK nationals who have written to tell us they no longer feel welcome in England even though they have been living in England and paying taxes to support the UK economy.

Their decision is to start to investigate a move to France.

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ESREA France support for Orphans in Nepal

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The English Speaking Real Estate Specialists that are part of the ESREA France are involved in the local community.

David Hennessey, the founder of ESREA France volunteered the Monday that just passed to assist in a local event designed to raise money for orphan children in Nepal. David helped out to welcome event attendees.

There was a Yogathon organized by a local association Yogathon Azur and participants donated money to help support the needs of the children including rebuilding of schools impacted by recent earthquakes.

Learn more about Yogathon Azur here and the Peace and Beautiful Children Welfare here.

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What is L’acte authentique in a French real estate transaction?

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What is L’acte authentique in a French real estate transaction?
The L’acte authentique is the final signing of the document that binds the sale of a French real estate property between a buyer and seller. It is typically the day the buyer becomes the owner and the owner gives up ownership in return for money.

The L’acte authentique is signed by the buyer and the seller and the French notary who is authorized to conduct this action. Prior to signing of the document certain steps must have happened. For example, the seller’s notary must have received all the necessary funds from the buyer and the conditions noted in the compromis de vente must be completed.

It is at the signing of the L’acte authentique the seller gives the keys of the property to the buyer. More details can be found with your English speaking French notary.

If you are looking for an English speaking French real estate agent contact us or you can go visit here

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