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French Real Estate Mortgage Rates Dropped in December 2013

If you thinking of investing in French real estate you have more good news. Credit broker Empruntis has confimred that fixed rate mortgages on average were lowered in almost all areas of France in December 2013. 

If you have been following our updates you will remember there was a rise in French real estate mortgage rates this summer but the rates have now stopped rising.

A French mortgage for 15 years, according to Credit Empruntis, is now on average at 3.15% in December, 0.10% less than in November.

A French mortgage for 20 years, according to Credit Empruntis, the average rate is now 3.50% against 3.55% last month.

If you would like to speak with an English speaking French real estate mortgage broker  Just contact us here.

If you would like to read the full report in French in Explorimmo click here.

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Paris Large Apartments are Not Selling

The beautiful Large French apartments in Paris are not selling well at this time according to a new survey published by Wall-Market.com and noted in Le Figaro.

Large apartments with 4 bedrooms or more represent only 5 percent of the apartments in the French Capital, however, the survey by Wall-Market.com found that 20 percent of the French properties currently listed for sale in their listing system are these large apartments

This large volume of apartments could eventually put pressure on the prices and require sellers to reduce their prices.

If you would like to read the full article in French go here

Date of Article 13 December 2013.

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Monaco in Top Five Healthiest Cities in the World

The French Riviera is host to one of the Healthiest Cities in the World according to a new report published at BBC Online.

The city is in fact not a city but a small principality called Monaco about 15 km east of Nice on the French Riviera in the south of France.

According to the release:

Monaco’s life expectancy is 89.6 years.

Prince Albert II of Monaco has launched green initiatives, including carbon offsets for conferences held at Monaco hotels, local government agencies use a fleet of electric smart cars, electric bicycles available for rental on the street.

Monaco has the world’s highest concentration of millionaires and billionaires per capita who can make use of the health care system ranked 13 in the world in the year 2000 by the World Health Organization.

In terms of real estate, Monaco housing is made up of mostly multiple-unit residences and apartment blocks. The style can be Belle Époque to modern.

Properties in the prime areas of Monaco can cost between 35,000 and 40,000 euros per square metre and in some cases more.

To read the full article at the BBC and learn about all five healthy cities click here

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French Real Estate Not Adapted for Elderly People

Currently French real estate is not adapted to its aging population. Approximately, only six percent of French properties are adapted to the needs of people over the age of 65 according to a report presented this week to the French Minster of Housing and the French Minster of the Elderly.

This percentage of French property is lower than the European average. French property is less adapted than German (nearly 8 percent adapted) , Danish (12 percent adapted) and Dutch (16 percent adapted.)

This means as French people get old they will potentially lose a sense of freedom and mobility.

According to INSEE the population of French people older than 60 years old today is 15 million, predicted to rise to 20 million by 2030.

To read the full article in French in Le Figaro click here

Date of Article December 2013

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Video Cannes France New Build Apartment Developments for Sale

French Riviera investors if you are looking to invest in Cannes to take advantage of the revenue potential due to local conferences like MIPIM or the Cannes International Film Festival or just to have a place of your own. Here is a list of the current new apartment developments for sale as of December 2013.

If you read this list in a few months time contact us for an up to date list for Cannes and other areas of interest to you on the French Riviera. This list only includes new build developments in Cannes and not Cannes La Bocca.

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One

Parc Eugenie Cannes France – Private Swimming Pool 

Approx. 9 minutes by car or 30 min walk to the Blvd de la Croisette.

Total Apartments 104

Still Available 24 with mix of Studios and 2 bedroom apartments

Price range Approximately 154 000 to 540 000 Euros

Move in date approximately 3 quarter 2014

 

Two

Cannes Maria (Minutes to Rue d’Antibes et Croisette)

Approx. 7 minutes by car or 10 min walk to the Blvd de la Croisette.

Total Apartments Not Available since Multiple Phases

Still Available with mix of Studios and 4 bedroom apartments

Price range from approximately  193 000 Euros

Move in date approximately 2013

 

Three

Secret Garden – Private Swimming Pool (Port Canto / Pointe Croisette Area of Cannes)

Approx. 2 minutes by car or 5 min walk to the Blvd de la Croisette.

Total Apartments 56

Still Available 42 mix of several kinds

Price range from 155 000 Euros

Move in date approximately 3 quarter 2015

 

Four

28 Montfleury – Private Swimming Pool – Prestige Cannes

Approx. 4 minutes by car or 12 min walk to the Blvd de la Croisette.

Total Apartments 54

Still Available 19 mix one bedroom and 3 bedroom

Price range on request

Move in date approximately 3 quarter 2014

 

If you would like to be in contact with an English speaking French real estate agent who is based in Cannes please contact us here.

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.

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