Author: The ESREA France Team

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French Mortgage Rates Still Low but Trending upwards: August 2013

French Property News in Brief: French mortgage rates have been going down for approximately a year and a half according to a new article in Explorimmo.

However, now there is a consistent slight trend in increasing rates at this time which means we are no longer in a downward path. Rates appear to be month by month increasing.

To read the full article in French please click this link

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French New Property Prices on a downward trend: August 2013

Newly constructed French real estate properties have prices on a downward trend. On a national level prices have gone down 3.6% year over year according to an article just published in Explorimmo.

Nice on the French Riviera is one place were the prices on new French residences have gone down the most: ten percent year over year.

Francois Payelle, president of real estate developers believes that the market is extremely fragile.

To read the full original article in French follow this link

Date of article: August 2013

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What does the french term a rénover or rénové mean in English?

In a French real estate advertisement the words ‘a rénover’ or ‘rénové’ have completely opposite meanings.

‘A rénover’ means the property needs to be renovated and ‘rénové’ means the property has been renovated. However, the level of the renovation and the quality of the renovation varies from house to house, apartment to apartment in France and one person’s opinion of a renovation is not the same as another persons opinion in terms of completeness or quality.

Tip: look for the French term ‘entièrement’ which means entirely placed before the word rénové if you are looking for a more complete renovation.

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What does the term atelier mean in a French real estate advertisement?

When you see the French term atelier in a French real estate advertisement the meaning of this word is a workshop something that will come in handy if your house is  ‘a rénover’ meaning the property needs to be renovated.

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What does traversant mean in a French real estate advertisement?

When you read a French real estate apartment advertisement and you see the word ‘traversant’ this means that there are windows at the front and the back of the apartment. This is a nice feature since the apartment will typically have better air circulation. This feature will also help the French apartment be brighter due to the increase in the number of windows.

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