Category: French Real Estate

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Warning: Understand the cost of French Apartments Co Properties

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French apartments like the one in this picture are very beautiful. They offer so much more charm than the apartments you may find in other countries.

However, when you are considering buying a French apartment you need to be warned.

Some of the older apartments, for example, apartments that were built in the 1960’s often suffer from the following problems that can make your monthly apartment charges very expensive.

One

Large areas in the entrance of the building or large hallways that are inefficiently heated. You pay a portion of the charges of this area so you need the cost to be low.

Two

The apartment residence may have a large garden area that is costly to maintain and you will pay a portion of the charges for the outdoor area.

Three

The building may also need repairs or the cost to repair may go up and cost you proportionately more.

Before you invest in any apartment in France make sure you have reviewed the cost of the monthly charges and any pending charges and make sure you know what is included in the monthly charges so you know if this expense that is part of being a French apartment owner is manageable for you.

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Video Beziers Village in the South of France

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Béziers is a town located in the south of France in the Languedoc-Roussillon region of France.

Languedoc-Roussillion is renowned for its wine and Béziers located on River Orb River is known for its Feria de Béziers, an annual bullfighting festival.

This video takes you on a short walk though some of the narrow streets and starts to introduce you to the charm of Béziers.

If you would like to learn more from an English speaking French real estate agent in Béziers we can connect you with one. Contact us here

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Video French Real Estate Buyers Tip Number Four from ESREA France

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French property buyers who have not invested in educational buyer’s guides like this one may end up buying a French property without asking some important questions.

This video offers you a taste of a historical part of one French village and also educates you on the importance of asking a particular question when you are thinking of buying a French property.

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Warning: Property Taxes in France Still Increasing what can you do?

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Property taxes in France have steadily increased over the last five years.

According to the National Union of Property (UNPI), a survey released in October 2016 shows that between 2010 and 2015 property taxes in France have increased on average 14.7 percent!

This the UNPI says is 3 times the rate of inflation which was 4.97 percent between 2010 and 2015.

The president of UNPI said he is not aware of any rental income, salaries or pensions that have increased by 14.7 percent in that percentage.

On a personal note I can say that my French property tax has increased 8.5 percent this year over last year.

What can you do?
Make sure that when you interested in a French property to purchase you have a copy of the most recent Taxe foncière (French property tax) so you know exactly what it is. Do not believe an approximation from the owner or the real estate agent. If the owner does not have a copy they can immediately request a copy from the local tax office.

How can this help?
It does not control the increase in the amount of the taxes but it is important for you to know the current amount so you can budget for future increases.

Warning: Just because one house on a street has a property tax of X amount and your property is similar do not assume your tax will be the same. Get a copy of the original before you sign anything.

Important: When you get a copy of the property taxes also get a copy of the residence tax, the taxe d’habitation. Do not accept the excuse that it is different for each owner. There is always a base amount and then an owner may have deductions due to age etc. You need to know this base amount of the taxe d’habitation.

Source article in French here

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