The Secret French Real Estate Investors Market Une Chambre de Bonne

Today in France with the cost of renting high many students and young professional seek a place to live in the form of a ‘chambre de bonne’. Typically, you will find a ‘chambre de bonne’ in the heart of big cities and the market for these inexpensive desirable French properties is heavily researched by investors.

In general, depending on the location a studio suite in France will cost you close to or more than a 100 000 euros in a big French city but a ‘chambre de bonne’ may only cost you 35 000 Euros in the same city.

It is very important to note that for a ‘chambre de bonne’ to be considered legally habitable, at this time,it must be a least 9 m2 and have height of min 2.2 m, that is a volume of minimum 20 m2. Get legal advice to be sure of the rules before you purchase.

Date of Posting: Feb 9 2014

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Run To French Cities and Buy Real Estate Now It is the Time

According to the French Credit Broker EMPRUNTIS it is time to run to the French cities and invest in French property.

Why now? Because the prices have already gone down and if you wait for the prices of French properties to go down more in the long run, according to EMPRUNTIS the property will cost you more.

Why? Because according to EMPRUNTIS the price of credit is going up and the increasing cost of credit needs a very large reduction in price to offset the difference.

For example if the interest rates for French mortgages go up 0.5 percent to offset this difference you will need a property price to go down another four percent.

Read the original article in French here 

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Where to invest in France: 20 French Cities where it is the time to invest

Feb 2014. According to the French website Le Journal du Net there are twenty cities in France right now where prices have gone down and it is an excellent time to invest.

Here is the list

Le Havre

Nîmes

Saint- Etienne

Angers

Dijon

Marseille

Montpellier

Nice

Reims

Strasbourg

Toulon

Villeurbanne

Bordeaux

Grenoble

Lille

Lyon

Nantes

Paris

Rennes

Toulouse

Source: see the original article in French here 

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What does Ascenseur mean in a French real estate ad?

The term Ascenseur is important to understand in a French property ad. It is the French word for ‘Lift’. This is a selling feature in many French apartments since not every apartment has one.

You will find old buildings with 4 or more floors to go up without lifts. This may be ideal for you if you are fit and enjoy going up but it is not a selling feature for many people. Apartments without lift access above the first floor are in general harder to sell and harder to rent out.

So look in the real estate ads for this important term. If it is not there make sure you ask when you phone before you book a visit.

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What does the term buanderie mean in French real estate?

The term ‘Buanderie’ is the French real estate term used to describe a laundry or utility room, a nice feature to have since many French apartments and home do not always have a buanderie.

Instead many French apartments or houses have the laundry machine in the kitchen or bathroom SDD or SDB.

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Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.