Author: The ESREA France Team

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Cannes Real Estate French Riviera Invest by the Train Station

According to an article just published in Le Monde, Cannes on the French Riviera is the second highest visited city in France in terms of tourism and the location of the train station definitely needed work.

Why? Nearly 40 percent of the visitors to Cannes arrive by Train and it is estimated that by 2014 there will be 8 million tourists visiting Cannes each year.

Work in Cannes by the train station on Rue Jean Jaurès (visit map) is now finished and the next step is to finish access from the North to the South via an access underground.

The area will also see new development including a 4 star hotel, according to Le Monde. 

According to one local real estate agent the price of real estate in this area close to the train station (often ideal for investment) is currently (June 2014) between 6000 and 7000 euros per square meter which is considerably less expensive than the price of property on the ‘Croisette’ that can reach 19 500 euros plus per meter squared.

Read Source in French

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French Property Market has Foreign Buyers coming Back

According to a new French real estate report issued by international real estate firm Knight Frank, foreign buyers are returning to the French prime property market with new foreign buyer activity showing a large increase in the early part of 2014.

Knight Frank’s French sales team report a 144 percent increase in registration of foreign individuals who have registered as potential buyers compared to the same first five months of 2013.

Source Property Wire

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Loi Alur Benefits for Renter of French Real Estate Benefit Number Two

In the new French housing act this year one of the key measures is the restriction on the amount of rents in particular areas. These particular areas, for example areas of Paris, will be defined in law.

According to David Rodrigues, jurist at Association nationale de défense des consommateurs et usagers, soon due to changes in the French housing law (Loi Alur) rents will be set in these defined areas and the rents may not be exceeded.

However, if the property has outstanding features (to be defined) the property may be able to be rented at a higher rate than indicated in the rules.

We all wait to see how this starts to take impact on the market place in the coming years.

Date of article 2014

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Loi Alur Benefits for Renter of French Real Estate Benefit Number One

When you rent French real estate at this time it is customary that the renter pays the real estate agent the equivalent of one or two months rent for the services offered.

According to David Rodrigues, jurist at Association nationale de défense des consommateurs et usagers, soon due to changes in the French housing law (Loi Alur) French real estate agents, will now charge a fee calculated on the square meter size of the property and this amount will vary by region in France.

This could lead to a substantial reduction for some renters, however, it depends on the area you live in since sometimes this new calculation can end up that your are paying more than in the old system.

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Speracedes French Riviera New Apartments Luxury Renovation of Old Olive Mill Moulin

New Build Speracedes French Riviera

French real estate offer some marvellous gems, one hidden gem we just found out about from a local English speaking French agent is the luxury renovation of an 18th century olive mill in the provincial village of Speracedes click for map

Speracedes is a small village in a land of orange trees, olives, lavender and many more fragrances. The old mill that is being converted into luxury apartments is just a few minutes walk from the center of the village and yet, in a quiet location. You can walk from your new piece of paradise to shops and cafes and even the local church or you can rest outside your apartment by the private swimming pool.

The new renovation is designed to maintain the charm of the ancient and blend it with modern high end finishing. There are small apartments and very large apartments each of which takes advantage of the south exposure towards the sea with it terrasse space.
See architects rendering above..

 

Located away from the ultra busy French Rivera coast Speracedes is only a short drive to the famous cities of Grasse and Cannes.

Find out about the 9 apartments available for sale now with one of the local English speaking real estate agents we are connected to with in the area who have visited the location of the mill. Garages, equipped kitchens, and cellars are all available. Starting price at this time is 220 000 Euros. (2014)

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