Author: The ESREA France Team

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June 2014 French Real Estate Mortgage NEWS read this

French real estate just got cheaper and this is not because of falling prices this is because the mortgage rates granted to individual French real estate property buyers is now the lowest in the last 40 years.

According to the French Credit Observatory (l’Observatoire Crédit Logement – CSA) in their press release on June 2nd if you are an individual buying a house in France on the average you can get credit for 16.8 years for only 2.85 percent!

The number of French property buyers making applications for loans is growing but this does not mean everyone is getting approved.

The banks are getting even more cautious on their loaning of money to make sure they are not taking to high a risk with such a low return.

The estimate is that rates on mortgage loans will start to increase before September this year.

Contact an English speaking French mortgage broker and get an update on your financial buying power. To find a mortgage broker contact us here.

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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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How to Make Your French Rental Property Get Rented More Often

Many French property owners rent their properties during the ‘hot rental’ periods in France. The French owners who rent their property can make a nice income from doing this but there are so many advertisers it can be really difficult to get your property to stand out from all the others available.

Use the following tips to get your French rental property rented out more.

One
Offer a large selections of quality photos, invest in a professional photographer. You can use the photos year after year unless there is a big change in your property. Avoid using images that do not wow! the viewer. Make sure you choose the inviting photos. No need to show a picture of the toilet.

Two
Write quality descriptive that gets the reader emotional and excited to rent your property. Do not just write ‘beach close by’ , write (if it is true) ‘relax on the sandy beach and dip your feet in the deep blue mediterranean sea only five minutes gently walk from the property’. Do not just write ‘large terrasse’ write ‘Enjoy your evening watching the sun set on the mountain with your favourite…” Do not write ‘bakery close by’ write ‘stroll to the local bakery to buy fresh bread for your relaxing morning meal’.

Three
Offer price driven discounts if you want to book your property in advance of the season before owners enter their property onto the renting market. Renters are very price conscious and now more than ever like to plan ahead.

Four
Make sure you have a booking system that inspires confidence in the renter because they feel confident in the security of your booking system.

Remember renting your holiday home is a business and takes time and energy if you want to make it a profitable business. You also need to check the legal guidelines surrounding renting your property in France. There are restrictions. You may decide it is better for you to engage a professional property renter to manage your rentals while you are somewhere else in the country or world. It can be way less stressful.

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Actor George Clooney House Hunting on French Riviera

Is it a good time to buy French Real Estate? One of our members just sent us a list of newspaper articles that say movie star George Clooney is shopping for French real estate particularly on the French Riviera.

We don’t know how reliable the real estate sources are but here are the links we received if you are curious.

London Evening Standard

http://www.standard.co.uk/showbiz/celebrity-news/george-clooney-wants-french-love-nest-with-amal-alamuddin-9499091.html

Daily Star

http://www.dailystar.co.uk/gossip/382604/George-Clooney-househunting-in-France

Show Biz Spy

http://www.showbizspy.com/article/277661/george-clooney-shopping-for-french-love-nest.html

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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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How much is the French notary fees for the purchase of a new apartment or house in France?

At this time November 2021 you can expect to pay between 2 and 3 percent of the purchase price of a NEW French apartment or villa property (in addition to the purchase price) In general, the notary fees on the acquisition of pre-owned real estate are estimated at approximately 7 or 8% of the price expressed in the deed.

Source in French

To confirm these details in English and get more details visit the notary of France website. Information is available in English here from French notaries.

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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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What is the average price per square meter of a Paris France apartment right now?

French real estate prices are on the top of the mind of buyers and sellers in the French market place and the French notary’s residing in Paris just made their latest report public.

On May 27 2014 the Notaries of Paris announced the average sale price of an older apartment (that is pre owned apartment) in Paris is 8160 euros per meter squared. That is statistically up 0.2 percent over the last quarter of 2013. This was reported in Explorimmo.

Read the original article in French here

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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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