Avoid mistakes. Understand how the French real estate buying process works with ESREA France
A new survey on the price of real estate globally suggests that Paris real estate is not the most expensive in the world even though many people believe real estate in Paris is the most expensive in the world.
According to this article in Explorimmo the top 4 most expensive cities in the world to invest in at this time are:
Hong Kong 13 356 Euros per m2
London 9663 euros per m2
New York 7941 per m2
Paris 7718 per m2
See the top ten by visiting the article in French here
If you are living in France or your dream of living in France there is a good change you are curious about the weather in the area you wish to live in.
We have good news for you.
About 4 weeks ago I attended a seminar by one of the directors of Meteo France and at the conference I found out about a web site that shows in real time all the temperatures of different parts of France.
Yes, the site is in French, however, with some working with a certain famous translation system available online you can figure out what to do and where to go.
In addition, if you time you can find webcam imagery, satellite imagery and lots more about the weather in France.
According to the notaries of France between 1995 and 2015, the price of pre-owned Parisian apartments has risen by nearly 25 percent to a current average price of 8,000 euros per m 2 for old apartments.
Of course, the actual price can be higher in many exclusive districts in one of the most desired capitals in the world.
Some prices has been slightly reduced lately but they are not falling say the notaries. In fact, the notaries of France anticipate higher prices in the near future.
Visit the Notaries of France website to read their latest reports in English on the French real estate market.
Read the source article in French here
What is the difference between sale price and listing price of a property in France at this time?
According to the most recent study by Orpi, Explorimmo and Le Figaro released on October 20th 2015 the difference between the sale price and the listing price of properties for sale in France is 4.5 percent. That is on an national average properties are selling for 4.5 percent less than the list price.
The most important feature here according to the study creators is that the owners of French real estate are now more open to negotiation.
Read the details in French here
If you are looking for an English speaking French real estate agent to help you buy or sell a French property we can connect you. Contact us here.
?In France, the real estate industry is working to increase the standards for all individuals directly involved in the French real estate industry. This is good news.
Buyers and sellers of French real estate like you can also help inspire better real estate practices in France by the demand you have on the qualification of the real estate professionals you work with.
In general you have 3 choices:
Choice one
You can choose to work with a French real estate specialist. These are the great agents who take the time to study a city or town and know what the city hall is planning on developing, they know the different neighbourhoods that offer different features, they know that certain parts of town get blocked in traffic during morning rush hour, they know the schools, they know the businesses plus, of course, they visit and know all the property that is for sale that you are interested in and they can tell you from experience what values are because they know the market.
Choice two
You can choose to work with an average French real estate generalist. These are the average agents who know some of the knowledge the specialist knows but they don’t know all the details. This is because they don’t specialize in one area. Instead they have a general knowledge of a number of cities or town and they need to do more research to serve you like a specialist. You ask a question and often they have to check or worse they guess.
Choice three
You can choose to work with the French real estate super generalist. These are the sellers or buyers agents who know just a little bit about many towns or villages of a region or department. They may have visited lots of houses or apartments over time but they do not know the particular details of a town or village and they need to turn to the local specialists to get you the details you need or you may make a mistake in your purchase. Sure the super generalist can study the area for you once you find a property that is of interest but why would you work with them instead of working with a local specialist all the way through.
I personally prefer to work with specialists. Just like if I needed a medical treatment I would want a doctor who is a specialist in that treatment, it is my opinion that a local real estate specialist is the best choice. If you feel different please let me know.
Note: In most cases you pay the same for each of these types of agents so why not choose the one who can help you the best?
At ESREA France we prefer to put you in contact with English speaking French real estate agents who are specialists in their areas of choice.
If you need a English speaking French real estate specialist contact us here.