Author: The ESREA France Team

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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

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What are the charges mensuelles in a French real estate ad?

Charges mensuelles in a French property advertisement are referring to the monthly charges an owner pays for the maintenance and care of the co-property he or she owns. The amount of the charges can vary by a large amount building to building depending on what is included in the ‘charges mensuelles’.

Make sure you understand what is included in the charges mensuelle before you invest in a French property. They can be a large expense.

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What is a pied a terre in a French real estate ad?

In a French property ad when you read pied-à-terre what is being referred to is a small French property perhaps an apartment usually located in a popular area away from someones primary residence.

Pied-à-terre means ‘one foot on the ground’ a place to put yourself when you are away from your primary residence, it is typically a form of secondary residence. Often people buy a secondary residence so they can live in an area part of the year and then the rest of the year rent it out. Note: in some parts of France where there is a high rental demand local government is trying to prevent people renting out their pied-à-terre on a less than annual basis.

Make sure you have a local professional English speaking French agent assist you who know the rules and regulations that can apply to your pied-à-terre investment.

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French Apartment Monthly Charges Are getting More Expensive

When you buy an apartment in France, particularly in the bigger towns like Paris you will find that the monthly charges are going up in cost.

According to a new article published in Explorimmo the cost of common central heating, the building caretaker, care of the lifts is going up and French property owners are paying 5 percent more this year (2013) over last year.

The cost of the property manager, building insurance, cleaning of the property are all up.

So when you are going to buy your French property in France it is really important you find a balance of value in the purchase by avoiding a building with high property charges. Unless what you are getting is really a great deal.

To get the best value you need to work with a local full full time English speaking French real estate professional who knows the area you want to invest in.

If you would like to read the original article in French click here.

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2013 The Ideal French Real Estate Buyer is

Are you the ideal French property buyer?

According to an new study by Empruntis who surveyed over 70 000 files the following are the average criteria of the 2013 French property buyer:

One

Minimum age 37 as against 34 in their 2004 survey

Two

The net income a household minimum of 4500 euros per month

If you would like to read the full article in French then follow this link

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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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