Author: The ESREA France Team

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Why are French Mortgage Rates Low at this time?

 

May 2014 French Real Estate Mortgage rates are at a historical low and the specialists in the French mortgage industry are surprised that the rates offered by the banks to their clients continue to be extremely attractive.

French property buyers with the best applications can get a mortgage right now for as low as 2.80 percent for 20 years according to the French mortgage broker Empruntis as quoted in Explorimmo.

Catherine Lanvario, director of communication of Credit Logement says there are many reasons why the rates are low. One is the banks are able to refinance themselves at very low rates. The current rate of government bonds Les OATS (les OATS explained) have gone down from 2.13 percent last month to 1.97 percent this month. The banks continue to support the economy by passing on the savings.

With low interest rates it is a great time to speak to a French mortgage broker to refinance your current mortgage.

If you would like to hear your options from a English speaking French mortgage broker  Contact us here.

Read the original article in French here

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French Riviera NICE Mount Boron Apartment Sea View Renovated Old Palace Hotel

3 bedroom luxury apartment in palace NICE mount boron

One of our English speaking real estate agents in NICE on the French Riviera has brought to our attention this beautifully renovated apartment located in the prestigious Mount Boron area of NICE. Mt Boron is an area of NICE that looks down on the Mediterranean sea and the Bay of Nice.

This luxury French Riviera apartment was redesigned by an architect to take complete advantage of the historical features of the ancient palace and hotel that is now a private residence. This apartment is one of the apartments located in the building with 3 bedrooms and an extra large balcony displaying a panoramic sea view.

Over 140 meters squared of living space divided perfectly in to a sleeping and living area. Each of the 3 bedrooms has its own Italian style bathing area. The master suite features it own spa with a zen waterfall and the suite opens onto the great balcony with the sea view.

Ceilings in many parts of this luxury apartment are 4 meters high.

The living room blends with the large terrasse via the disappearing doors and the open style kitchen has many features hidden away and yet convenient to serve your needs and the needs of your guests.

There are two air conditioning systems in this apartment and many more luxury features you would expect in a refined apartment. Price also includes a 15 m2 cellar that can be your own wine seller. Price 2 200 000 Euros

Article published 2014

If you would like to connect with an English speaking French real estate agent who will be able to update you on the current market conditions and help you find your French real estate investment learn how we can help here

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Cannes New Build Apartments Sea and Mountain View

new build apartments cannes french riviera

Cannes French Riviera will have new selection of sea and mountain view apartments only a few minutes by car to the Center of Cannes, as per the news of one local English speaking French agent.

Located away but not far from the busy center this new residence offer apartments (1,2 and 3 bedrooms available) with beautiful contemporary architecture, a ‘disappearing’ swimming pool in the secure residence and the apartments offer large sea and mountain facing balconies and terrasses from 6 to 46 m2 in size!)

If you do not know about Cannes the home of the international film festival click here and here

This new apartment residence consists of two small buildings each positioned to maximize the view. There are one, two and three bedroom apartments available. Apartments can be attached to increase your space of luxury.

This is a 3 level residence with current pricing from 230 000 Euros to 690 000 Euros and a lot of choices in between.

This new secure residence offers you secure parking and modern features including BBC construction. Read about BBC construction.

Article date 2014

If you would like to connect with an English speaking French real estate agent who will be able to update you on the current market conditions and help you find your French real estate investment learn how we can help here

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Loi Alur has created a Problem for French Propery Sellers

The new French housing act (Loi Alur) that came into effect at the end of March this year 2014 has had a big impact on the sale of ‘co-property’ residences in France.

The impact is negative for sellers because this new French housing act requires a number of documents that must be given to the buyer before the seven days of reflection period can start.

The problem is that the owners, the owner’s notary and the syndic for the residence may not have the documents on hand and have to search for the needed documents and this can be costly.

Currently according to some notaries the signing of the ‘compromis de vente‘ has been delayed by up to four weeks while documents are being requested.

The good news is that as of January 2015 French property management companies are to create ‘an extranet’ where owners can access the documents directly to speed up the sale process.

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Cannes New Build Apartments Palm Beach Walk to Beach and Croisette

Cannes New Build Apartment Secret Garden

We just found out from a Cannes English speaking French real estate agent about a new development in the area called ‘La Pointe Croisette’ in Cannes click for map of area.

This new build Cannes apartment development is just a few minutes walk from the La Croisette and in a quiet neighborhood but only minutes walk to two sets of beaches, the new Port Canto, shops, cafes and a favorite place for locals to gather. In the past, celebrities like Charles Aznavour played ‘petanque’ the local square before going to visit the local casino at Palm Beach.

This small new build development soon to break ground offers a small group of owners a ‘close to everything’ location and has it own high level of luxury including a private pool.

Article published in 2014

If you would like to connect with an English speaking French real estate agent who will be able to update you on the current market conditions and help you find your French real estate investment learn how we can help here

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

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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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