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Paris Ile De France Real Estate Sales Increase

As a result of official sales the French notaries from Paris Ile-de-France delivered their statistics for sales in the last quarter of 2013. The numbers indicate that sales are up and prices are slightly down.

According to the article in Explorimmo, the French notaries shared that between September and November 2013 a total of 35,570 existing homes were sold.

This is a 21 percent increase in the number of French real estate sales compared to the same period in 2012.

According to the French notaries in the 3 month period of August to November 2013 prices declined 1.1% in Ile-de-France.

Is this the turnaround in the market that many buyers have been waiting for before re engaging? Maybe, one can never be sure as we sit on the sidelines.

Read the original article in French here

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2014 French New Construction Hidden Opportunity

According to a new article in Le Monde on January 28th 2014 the French Ministry of Housing published statistics on the French New Property Market.

In the report it is noted:

* During the slow French economy some 332000 homes have been built in France.

* New homes starts in France are down 4.2 percent in 2013 compared to 2012

* In fact, the number of new home starts in the last three months of 2013 compared to 2012 is down 10.4 percent according to the government report.

Olivier Eluère, an economist with the French bank Crédit agricole says these statistics are not a surprise as he has seen a correction in the new home market over the last two years with less sales and an increase in French new construction not sold.

According to Mr.Eluère, this lower demand is a primarily due to the economic situation where there is little growth and employment remains high. This has discouraged investors to buy to rent out.

Prices have also remained high on new developments since developers are not starting as many new programs so the low supply has kept the prices up.

SECRET:  As you may know just like the best investors when no one is buying the timing can in fact be excellent to buy. Some builders, for example, will include a garage or parking space at no extra charge in a purchase of a new apartment depending on the developer and the location of your purchase. In highly popular or populated cities a garage or parking spot  is a valuable benefit item.

To find the best opportunities you can benefit from being in contact with locally based English speaking French real estate agents who can contact you once they see these new property special pricing opportunities since typically these special opportunities are only short term.

We do our best to help you find an English speaking French real estate agent in your area of choice. Contact us to assist you.

Read the original article in French here

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

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What does Ancien or Anc mean in a French real estate advertisement?

In a French property advertisement when you see the term ‘Ancien’ sometimes abbreviated as ‘Anc.’ the meaning is that the property is old. How old is a question you will have to ask the agent or owner. We have seen to much variance to say Ancien means xx years.

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

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What does T1, T2, T3 mean in a French real estate ad?

english speaking french real estate agents

In a French real estate advertisement if you see the notation T1 it is referring to a studio apartment, if you see T2 it is referring to a one bedroom apartment, T3 refers to a 2 bedroom apartment.

The ‘T’ is referring to the number of rooms called ‘pièces’ in French. The term ‘pièces’ is defined here.
Of course, to be an apartment the T1 also has a kitchen area and a bath or shower room with a toilet.

Note: Sometimes you will see the letter F used instead of T in the advertisement. Generally a T1 apartment is the same as a F1 apartment. The letter F can also be used to describe a house. So a F4 would be a 3 bedroom house.

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”

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

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French Real Estate Check it out for Improved Mental Health

If you are considering buying a French property it is most important that you decide on the location that suits you best for your state of mind.

Perhaps, you like the excitement of Cannes, the history of Nice or to live in the Capital Paris or maybe you prefer another area.

Many people chose to avoid the cost of the higher populated areas in France and go to a less built up and greener areas.

This decision can have an impact on their mental health. Why? According to a new study published in the journal of Environmental Science and Technology people who live in greener areas have better long term mental wellness. See the original article here.

France is a country that invites you to experience many different real estate options with a variety of life style that somewhere is sure to match your needs.

If you are looking to be out in the mountains, by the sea or in a big city we can connect you with an English speaking French real estate professional in your area of choice. If you want our assistance contact us here today.

Below you can get your free introduction ebook about French real estate mistakes to avoid

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Request below via the sign up form. Just scroll down, add your email and click Subscribe

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

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