As a French real estate buyer you need to make sure you know how much exactly the cost and maintenance of your French property will be in your home currency if the French property is your secondary residence.
French real estate credit: Zero interest rate coming?
French real estate credit costs are really low.
Could they reach zero? Unlikely but the current rate is anticipated to last a long time.
According to this article in French in La Figaro the Crédit Logement / CSA observatory who monitors interest rates says the average rate for all durations combined, amounts to 1.2% (ie the current level of inflation). If you have a loan over 15 years, it is 0.96% on average, 1.14% over 20 years and 1.37% over 25 years. This is definitely not a zero interest rate but extremely interesting to buyers.
This low interest rate has the banks overwhelmed with requests for loans so when you find a property you need to allow lots of processing time in the contract for the loan application.
According the the La Figaro article it is “The tense international environment (that) is driving down government bond yields in negative territory. The explanation? The trade war between the United States and China, geopolitical tensions between America and Iran, sluggish growth in Europe or the arrival of Boris Johnson, favorable to Brexit, make investors fear the worst.”
No one is sure but if you plan on buying French real estate and getting a loan in France this looks like a very good time.
If you would like us to connect you with an English speaking French mortgage broker today to help you negotiate the best loan at the best rate contact us today so you are in contact with the broker before you find the property of your dreams. This will enable you to know what you can afford.
Before you request the free ebook below read what people are saying about ESREA France – some examples:
Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”
Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”
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.
August 2019 French Property Historical Price Trends
Click the link below for the most recent French Real Estate Property Historical Pricing Trends. You will arrive at the English page on the Government of France website. The page shows historical trends in French real estate and property as of August 2019
Continue reading “August 2019 French Property Historical Price Trends”
French real estate sellers tip number 14
French real estate buyers, have you ever had the experience of a door handle not working in a property you are visiting? How about a door handle coming off in your hand?
These things have happened and sometimes can be a big problem.
We heard the story that one time a client who was pregnant asked to use the WC in a French villa. She was given consent but after a long period of time the husband wondered why she had not rejoined the visit. He went to look for her.
French Real Estate Asbestos diagnosis becomes mandatory for small jobs
French Real Estate Important: Asbestos diagnosis becomes mandatory for small jobs
French real estate sellers and buyers need to now that since July 19 2019 it is now mandatory to carry out an Asbestos Identification Before Work (Repérage Amiante Avant Travaux or RAAT) before performing minor work in French real estate. The law provides up to 18,000 € fine.
According to this article in French here, it is noted that before any intervention in a building built before 1997 is done the diagnostic must be performed. This decree entered into force on July 19 which imposes henceforth not only to the professionals but also to individuals to carry out this diagnosis even before minor work.
Source article in French here
Before you request the free ebook below read what people are saying about ESREA France – some examples:
Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”
Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”
Below you can get your free introduction ebook about French real estate mistakes to avoid
Get your FREE copy today
Request below via the sign up form. Just scroll down, add your email and click Subscribe
This request also entitles you to our biweekly ezine and you can unsubscribe anytime.
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.