Author: The ESREA France Team

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French Real Estate: Why are there mandatory diagnostic tests?

The French real estate diagnostic tests are to inform buyers and renters of the condition of the property they want to buy or rent. The tests required depend on the location of the property and the type of contract involved (sale versus renting).

The validity of the diagnostics varies with the type of diagnostic in question.

The diagnostics form a very important part of your buying or renting of a French property. It is important to seek professional advice to understand these documents. Speak with an English speaking French notary to find out what diagnostics you can expect to receive at this time.

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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 are charges trimestrielle in a French property ad?

Charges trimestrielle in a French property advertisement are typically referring to the same monthly charges discussed here. They are simply stated as charges trimestrielle since the owner of a co-property in France is often charged four times a year by the management company responsible for the co-property instead of every month.

Make sure you understand what is included in the charges before you invest in a French property. Ask your English speaking French real estate agent to get you the correct documents from the owner showing how much the monthly charges are at the present time.

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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 a Cloture in a French real estate ad?

In French real estate Cloture is the French term for a fence. Another term similar to ‘cloture’ is ‘closion’ which is the French term for a partition.

If you want to learn the meaning of French real estate terms you have found the ideal location. Visit the articles on this site they are designed to educate you step by step in English the meaning of French real estate terms.

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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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French Real Estate Young Buyers in Debt Longer

According to INSEE, increasing French property prices and low interest rates on mortgages has created a situation where the young French Property buyer (aged below 30) is now more likely to be indebt for 25 years rather than an average time period of 20 years when the same research was done in 2005. This research is based on statistics from 2011.

Full article in French located here

If you would like to speak to an English speaking French mortgage broker to find out the best possible financing for your purchase of a French property we can help you locate one. Contact us here for English speaking French Bankers.

Below you can get your free introduction ebook about French real estate mistakes to avoid

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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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New Property in France Find the Regions were the price has gone down

The cost of new French apartments in general has gone down for the 3rd time in 2013.

According to an article just published the Federation of Real Estate Promoters (Fédération des promoteurs immobiliers) state the biggest reduction price has occurred in Provence, Côte d’Azur, Bretagne, Auvergne and around Strasbourg and Lille.

You can read the full article in French on Explorimmo click 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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Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

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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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