Author: The ESREA France Team

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What does SCI mean in French Real Estate?

SCI in French real estate is an abbreviation for Société Civile immobilière.

Société Civile immobilière is a legal entity set up, for example, to buy a French property.

A common form of SCI or Société Civile immobilière that we have heard of is a SCI de gestion that brings together at least two people to own one or more properties.

To learn more about Société Civile immobilière and how it could benefit you we can put you in contact with an English speaking French real estate tax and legal adviser  Contact us here.

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What is a Cour in a French property ad?

If you see the term ‘cour’ in a French property advertisement it is typically referring to a courtyard, a private area inside a residence where there may be a swimming pool or other facilities for the residents to use.

Here are questions with the answers:

What is a pied a terre in French real estate?

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What is Coin cuisine in a French real estate ad?

A coin cuisine does not mean you have to use coins to use the kitchen, in fact, coin cuisine in a French property is typically referring to a small corner kitchen often found in a small studio apartment.

NEWS: Have you seen our French real estate buyer’s guide that comes with a 100 percent money back guarantee? Here it is

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French Real Estate Prices in 2013 no Market Crash or Collapse

French property prices did not collapse in 2013, according to a report by MeilleurTaux published in Le Figaro.

In fact according to this French real estate report the market over all only declined about 1 to 2 percent in France during 2013.

Overall, there was no collapse in sale prices or number of sales this year as was sometimes predicted.

Buyers of French property still have inexpensive mortgages available and this favorable market should continue into 2014 according to the report.

Read the full article in French by clicking here

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2013 French Bank Mortgages contain concealed Errors

If you are buying a French property you may have seen the publicity by one French society, les Expertiseurs du credit that over 50 percent of French Bank Mortgages contain concealed Errors. Is this true?

According to an article published in Le Figaro, the errors may not be intentional but a result of different ways in which banks calculate the interest rate.

If you think that there is a problem with the calculation of your French mortgage in the same article French lawyer Charles Constantin-Vallet says the best approach is to contact your banker to see if you can fix the problem. If the bank refuses to listen and you can prove there is a problem contact a French lawyer to assist you.

If you would like to connect with an English speaking French lawyer we can help you locate one just contact us here.

If you would like to read the full article in French in Le Figaro click here

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