Author: The ESREA France Team

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French Real Estate Mortgage News Rates Continue to Fall 2015

If you are buying or selling French real estate you will be delighted to know the results of the latest survey by L’Observatoire du Crédit Logement.

French real estate mortgage rates continue to decline. According to the Observatoire du Crédit Logement’s report on the month of February the average level for a fixed rate mortgage over all durations was 2.21 percent before insurance and other fees.

Vousfinancier is quoted in an article on Explorimmo as stating that between January 2013 and January 2015 the cost of credit for 200 000 euros has been cut in half and the ability of individuals to borrow has gone up 18 percent.

If you would like to contact an experienced English speaking French mortgage broker who can help you buy in France we can connect you. Enjoy a free consultation to learn more. Simply contact us here.

 

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2015 French Real estate investment demand picks up

The French real estate market has been stumbling along over the last few years, however, it looks like things are changing in a positive way.

According to an article in INVEZZ favourable currency exchange rates, an improving domestic economy and a change of tone from French President Hollande is encouraging international property buyers to return to France.

Read the complete article here.

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French Real Estate: Are vegetated buildings the same as Green Buildings?

There are an increasing number of French real estate projects that can be considered ‘Green’ because of their lower impact on the environment but are Vegetated buildings the same as green buildings?

The Answer (as we understand)

Green Buildings in France are buildings that are constructed to meet certain environmental standards. Such as a BBC building learn about BBC here

Vegetated Buildings are buildings that incorporate plant elements on the roofs and walls of the buildings. Such as the Tower Flower in Paris. You can learn about the Tower Flower here

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Reminder: All French Residences must have smoke detectors as of March 9 2015

esrea france

According to a new French law that came into place on 5 February 2013 all French residences must be equipped with smoke detectors by Monday March 9th 2015.

According to data from the French Ministry of Housing, a fire breaks out in a French residences every two minutes, causing about 800 deaths per year. 80% of these deaths are due to intoxication by smoke from a fire.

For security reasons it is advisable to install several smoke detectors in a home, preferably in bedrooms, hallway and living room.

The detector you choose must correspond to the minimum criteria outlined in the law here.

We recommend you check with your insurance company and local builders suppliers store to find the right one to buy so your home insurance is valid.

Details on the Law relating to Smoke Detectors is here in French. 

Be Safe, be Well

Below you can get your free introduction ebook about French real estate mistakes to avoid

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Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

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