Avoid mistakes. Understand how the French real estate buying process works with ESREA France
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A new study performed by Orpi the French agency network published Thursday December 10 2015 indicates that buyers are acting faster in their purchases. The time a French property is taking to sell is getting shorter.
The French network Orpi states 50% of apartments and 54% of homes they sold in 2015 sold in less than 60 days!
The main cause appears to be that sellers are becoming more reasonable in the prices they place on their French property as it goes to market.
Read the full article in French here.
Contact us we an help you locate an English speaking French real estate agent in your area of choice in France at no cost for our assistance.
In France, a condominium complex or strata complex which is a residence with multiple owners who own an individual residence and a share in the common property are called ‘co-properties’.
If you are planning on buying into a ‘French co-propertie’ you will want to note several items that can impact the cost of the monthly expenses you will have to pay to support the common ownership you are investing in:
Note: these expenses are in addition to your own personal property expenses
One
Gas, electricity, insurance, water, maintenance expenses of the common property
Two
Personnel expenses like gardeners and security personnel
Three
The future cost of work such as energy efficiency upgrades
Four
Upgrades to older systems such as elevators, secure entry gates and swimming pools
Make sure you get your real estate agent and the current French property owner and current French property management company to supply you with all the necessary documents so you know the cost of these items and other items that will be your responsibility once you are the owner. As always it is best to plan ahead.
If you are looking for an English speaking French real estate professional to assist you we can help you find one at no charge for our assistance. Contact us here now expect a quick response.
All of us at ESREA France wish you the very best of the season and thank you for contacting us during 2015 to be of service to you. You have made our valuable work very popular.
We wish you all the very best for the new year 2016.
Remember we are here to serve you and we will offer an even higher level of service to you in the coming months by expanding what we offer you.
Sincerely,
David and the ESREA France Team
Taken from the latest Notaries of France report here are samples of average French property Prices towards the end of 2015
Nice
Price per squared meter for apartments 3520
Average price for houses 456 900 euros
Lyon
Price per squared meter for apartments 3270
Average price for houses 298 200 euros
Bordeaux
Price per squared meter for apartments 3080
Average price for houses 259 000 euros
Strasbourg
Price per squared meter for apartments 2420
Average price for houses 259 500 euros
Access lots more details here in the source article in French here or have us connect you with an English speaking French real estate agent in your area of choice to get the most up to date details. We help connect you at no charge. Contact us now.