Would you buy 3 French Castles or 3 New York City Apartments?

If you think French real estate is expensive check out the 3 French Castles in this article that are less than the price of a 3 New York City apartments.

Comparing to New York Real Estate the French properties look very cheap, imagine you get to say to your friends, “I sold my apartment in NYC and I bought a castle in France.”

Special thanks to one of our readers Frances who sent us the post.

Here is the link to the Photo Article

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

French Notaries Report February 2014 French Property Price Changes

French Notaries delivered their report on the complete French real estate market conditions for 2013 last week.

The French Notary’s makes several important observations:

One
Prices of old as against new French dwellings decreased 1.4 percent overall on a national level.

Two
Sharp corrections did not take place in cities with over 150 000 inhabitants

Three
There were 723 000 real estate transactions registered in France in 2013 that is more than 2012 where there was a total of 704 000 French real estate transaction but still considerably lower than the record of 829 000 in 2005.

Four
The Notaries state that the majority of the sales where of low priced properties.

Five
The increase in sales is said to have been stimulated by the historically low French property interest rates.

Six
Among a lot of comparisons of data the Notaries show the difference in cost of properties between areas. For example a 2 bedroom apartment in Cannes on the French Riviera cost the same price as a 5 bedroom house in Toulouse.

Seven
The Notaries do not see a collapse in prices, some see a stable market, others see a slow decline in prices.

Eight
Buyers continue to buy cautiously and are not willing to pay any price for a French property.

Read original article in French here

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135 Real Estate Billionaires Forbes

According to Forbes, due to the value of properties rising globally 15 new people have joined the Forbes list of Billionaires this year. There are now 135 Billionaires globally who derive there wealth from real estate holdings.

Worth noting: 14 of the top 20 Richest real estate billionaires come from the Asian-Pacific region. Of all 135 Billionaires, 21 are from Europe.

When you look at the details Knight Frank’s Global House Price index that tracks prices in 53 countries shows that as of the third quarter of 2013 residential property on a global scale was up 4 percent from the 2008 peak! This means it is 12.7 percent higher than values during the global financial crisis.

Of course, these numbers vary nation to nation and one of the nations at the present time that does not have a fast rising property market is France. So this could be a great opportunity for you to make an investment before the market turns and prices go up.

Read Source Article in Forbes

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French Real Estate Investment Think like Billionaire Warren Buffet

If you are wondering if it is a good time to invest in French real estate then you will benefit from the words of Billionaire Investor Warren Buffet.

Buffet just wrote about real estate investments in his annual letter to shareholders.

He gives some great words of wisdom that can help you decide whether it is a good time to invest or not in real estate.

Here is the link to the article Warren Buffet on Real Estate Investment

If you are curious, a number of us have also read The Snowball: Warren Buffett and the Business of Life We recommend you check it out.

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What is a mandat de vente sans exclusivite in French real estate?

In general in French real estate you will hear about the ‘mandat exclusif’ and the ‘mandat simple’.

The mandat de vente sans exclusivite is in general the same as a mandat simple.

Definition of the mandat exclusif is here

Definition of the mandat simple is here

Note: we are not French lawyers or notaries so we recommend you seek direct legal advice before you sign an agreement with a real estate agency. You need to make sure you fully understand what you are signing. The details are important and we cannot explain them here.

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