Avoid mistakes. Understand how the French real estate buying process works with ESREA France
One will still be allowed to use items made of compostable, biosourced materials such as corn.
This is part of France’s energy transition initiative agreed to in August 2015.
Details on the French government site are here.
If you are hoping to move to France we can help you find an English speaking French real estate agent with no charge for our assistance contact us here.
French property long term trend update is now available.
Just click on the link below and you will be brought to the page in English on the Government of France website showing the long term pricing trend in French real estate as of 11 July 2016.
Latest French property historical pricing trends in English click here
Three BIG changes in French real estate 2016
As of July 1st 2016 buyers of French real estate will have the benefit of several new changes including:
One
New Banking Rules
The implementation of an order of March 25 2016 will take place that will amend provisions in mortgages to enhance consumer protection.
A main feature will be a standardized pre-contractual document that will make it easier for individuals buying French real estate with the aid of a mortgage to compare different credit offers.
Learn more via English speaking French mortgage brokers
Two
Faster Internet Guarantee
Although not everyone buying French real estate is concerned about internet access part of the new Loi Macron requires all new buildings in France constructed after July 1st 2016 to be built with fiber optic internet access. Apparently, the government of France wants to bring fiber optic access to all big French cities by the year 2022. We will wait and see. This can be beneficial to students and people who work from home.
Three
Dropping Mortgage Rates again
The CSA / l’observatoire Crédit Logement in France released its latest survey of French real estate mortgage rates and the decline continues.
Mortgage Interest Rates All Combined Evolution
February 2016 2.09 percent
March 2016 1.97 percent
April 2016 1.81 percent
May 2016 1.77 percent
June 2016 1.59 percent
Depending on your qualifications this can mean that the cost for you to borrow 200 000 Euros for French real estate over the term of a 20 year mortgage has gone down by approximately 16 000 Euros between January 2016 and June 2016.
Learn more via English speaking French mortgage brokers
If you are looking to connect with an English speaking French real estate agent in your area of choice go here or if you prefer contact us for direct assistance.
If you are an experienced French real estate buyer you may know of the following tips or you may not. Better check.
If you are new to French real estate take a moment and read over the following to help you succeed in your French real estate investment.
One
Never Visit Alone
When you visit a French property it is always a great idea to visit with a friend not only for security reasons but also for the value of the extra set of eyes and ears visiting the property.
So many times when we have visited properties with clients and myself or a colleague we notice something significant a buyer never noticed. It could be a serious ceiling crack. It could be a slopping floor or even the fact that the neighbor’s yard looks like it have never been cleaned for years and your sun terrace will be facing their garden. Having a second person present can also be helpful if you have an owner present who talks constantly making it difficult for you to really notice the details of the home.
Two
Ask Thoughtful Questions
Owners like to see a buyer is interested in their French property. Asking questions shows you have interest. Never mind if the agent does not want you to ask questions. Just go ahead and ask in a simply, direct and polite way. Questions like “what is the property tax?”, “have you ever done work on the roof?” will each give you valuable information.
We have lots more suggested questions and multiple checklists available for you as part of our ESREA France 110 Tips French real estate buyer’s guide. This guide comes with a 100 percent money back guarantee. Learn about the guidebook here.
Sommières is a very picturesque medieval village in the south of France.
Sommières is a 12th century French village located by the Vidourle. One of the features of Sommieres is the original Roman bridge built over the Vidourle River.
We visited the village recently and took a very quick video up and above the village from the viewpoint of the castle.
Check out the video below