Paris France Real Estate Prices Double

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Paris real estate market has been very excited over the last year and that does not appear to be ending in 2018.

According to this article in French in Explorimmo, preliminary contracts reviewed by the French notaries for sales in Paris indicate hat the prices will reach in February 2018 an average of 9200 euros / m2 for an apartment in the capital. This represents an increase of nearly 10% in the period of one year.

When you compare the sale prices per m2 now to the 4500 euros / m2 in 2005 that is a doubling in price!

If you would like to connect with an English speaking French real estate agent in Paris we can help you connect at no charge contact us here

What is the difference between ‘bain’ and ‘baignoire’ in a French real estate advertisement?

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What is the difference between ‘bain’ and ‘baignoire’ in a French real estate advertisement?

As far as we know the difference between a ‘bain’ and a ‘baignoire’ is not much. They are the same in the sense that they are referring to a bath. La salle de bain means bathroom and the bath in the bathroom is a ‘baignoire’.  If we are wrong please send us a message to correct us, thank you.

Find more explanations of French real estate terms by using the search bar on this site. If you do not find what you are looking for ask us and we will work on getting you an answer.

If you wish to connect with an English speaking French real estate agent in your area of choice we can help you connect at no charge for our assistance. Contact us here

NEWS: Have you seen our French real estate buyer’s guide that comes with a 100 percent money back guarantee? Here it is

January 2018 Another Rule for French Property Landlords

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Two New Diagnostics Must be Provided by Landlords to Tenants

As of January 1, 2018, all French property landlords must provide their renters with a diagnosis of the condition of the domestic gas installations and a diagnostic for the condition of the electrical installations of the dwelling.

These diagnostic reports must be made by a professional who verifies key points of security.

The documents to be provided when signing or renewing the lease and they are only valid for a period of 6 years. This new owner obligation relates to apartments or houses whose facilities are more than 15 years old.

As a renter or landlord confirm the application of this rule to your residence before renting.

Source article in French here

French residence tax taxe d’habitiation will you benefit from a reduction?

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The new French tax ruling promised by President Macron on his campaign trail is about to start.

80 percent of French home owners will potentially benefit from the suppression of the resident tax (taxe d’habitition) on their principle residence over the next three years starting 2018.

Find out if this applies to you with the this French tax simulator.

Simulator is in French

 

New Rule for French Property Landlords

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French real estate owners renting their property have a new document they must give as notice to renters when they wish to give notice to tenants to leave.

According to an article in French in Explorimmo here from 1 January 2018, the French property landlord must attach a special information notice to his tenant, if the landlord decides to take back the dwelling to live there or to house a relative or even if he wants to sell the residence.

This new document must indicate the identity and address of the beneficiary of the recovery and specify the relationship between them. As for requesting the tenant to leave so the residence can be sold, this notice at this moment in time can only be issued at the end of the first renewal of the current lease.

Remember French real estate rules change make sure you are up to date by speaking with a professional. These articles are for information purposes and the value changes over time.