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Paris Commercial Real Estate List of Most Expensive European Business Renting Opportunities

Paris Commercial real estate is not the most expensive in Europe. Here is the list of the most expensive places to rent business real estate in Europe according to an article published in Le Figaro. Study by Cushman and Wakefield.

Number One

London Central Commercial Real Estate

 

Number Two

Moscow Commercial Real Estate

 

Number Three

Paris Commercial Real Estate

 

Milan in Italy is less expensive, less expensive than Milan is Munich and Frankfort in Germany and the least expensive at this time is Madrid in Spain. (To read the full article in French click 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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2014 French Real Estate Market Advance Comment

If you are interested to know about the French real estate market and what may happen in 2014 here are some ones from the editor of Explorimmo.

We paraphrase, “ it is hard to predict beyond 3 months into the future but low interest rates support the French real estate market. However, buyers no longer wish to buy at over inflated prices. This requires French property owners to make concessions and sell at an acceptable price. Once owners start to adjust their prices the market will change”.

If you wish to read the full article in French click here

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French Real Estate Insurance: Borrowers may get Right to change Insurers

When you purchase French real estate with a loan, typically the loan has to be insured, however, there is controversy about how the French banks may require borrowers to use the banks own insurance instead of a lower cost alternative. If you want to choose an alternative the bank may charge you more for your French real estate loan.

According to an article in Le Figaro, Benoit Hamon, the minster of Consumer Affairs in France has proposed that borrowers receive the legal right to find a new loan insurer and change the insurance cost on their loan during a period of one year after the signing of loan agreement with the French bank.

At this time December 2013 this is simply a proposal from the minister and the rules have not changed. It is currently to be discussed in the French national assembly.

Read the original article in French here

Locate an English speaking French mortgage broker to help you find the best priced loan for your French property purchase.  Click and contact us here to help you find a English speaking French mortgage broker.

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Video: French Property Floor Plan Creation Tool

If you would like to make a floor plane of your French real estate to send it to an international client or just a busy buyer check out the app from Sensopia called Magic Plan.

This application allows the user to use their smart phone or iPad camera to capture an image of each corner of a room and step by step determine the size of each wall with 95 percent accuracy.

Then after you created an image of each room you can piece them together to create the floor plan of your French property.

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What is avant contrat in French real estate?

If you are buying or selling a French property you will hear the term “L’avant contrat’. This is the preliminary contract written prior to the final deed of sale.

There are typically two different kinds of ‘avant contract”

One

The Promesse de Vente

Two

Compromis de Vente

Each has a particular purpose and to understand the complete legal implication of each it is best you speak with an English speaking French notary.

Remember never to sign a legal document you do not fully understand. Choose to work with an English speaking French notary and have them write the l’avant contrat for you. Of course have them explain all you need to know.

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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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