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What is Coin cuisine in a French real estate ad?

A coin cuisine does not mean you have to use coins to use the kitchen, in fact, coin cuisine in a French property is typically referring to a small corner kitchen often found in a small studio apartment.

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French Real Estate Prices in 2013 no Market Crash or Collapse

French property prices did not collapse in 2013, according to a report by MeilleurTaux published in Le Figaro.

In fact according to this French real estate report the market over all only declined about 1 to 2 percent in France during 2013.

Overall, there was no collapse in sale prices or number of sales this year as was sometimes predicted.

Buyers of French property still have inexpensive mortgages available and this favorable market should continue into 2014 according to the report.

Read the full article in French by clicking here

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2013 French Bank Mortgages contain concealed Errors

If you are buying a French property you may have seen the publicity by one French society, les Expertiseurs du credit that over 50 percent of French Bank Mortgages contain concealed Errors. Is this true?

According to an article published in Le Figaro, the errors may not be intentional but a result of different ways in which banks calculate the interest rate.

If you think that there is a problem with the calculation of your French mortgage in the same article French lawyer Charles Constantin-Vallet says the best approach is to contact your banker to see if you can fix the problem. If the bank refuses to listen and you can prove there is a problem contact a French lawyer to assist you.

If you would like to connect with an English speaking French lawyer we can help you locate one just contact us here.

If you would like to read the full article in French in Le Figaro click here

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What does beton mean in a French real estate ad?

In a French real estate ad you may see the term ‘Beton’ . Beton is the French term for concrete. It is a term used to describe, for example, the surface in a private courtyard within a residence.

Throughout this site you will find many terms used in French real estate explained in English to help make it easier for you to understand French real estate advertisements.

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2013 French Property Rents have Increased this year BUT

According to l’Observatoire des loyers Clameur, French real estate rental costs has increased by 0.6 % since the beginning of the year 2013.

In fact, this is an amount less than inflation. Last year at the same time the increase was much higher. It reached 2.4 percent.

This change , according to the Observatory, is due to the economic crisis. Rent increases have been reduced in small properties like studios and one bedroom apartments since the demand for small units is lower. They are typically rented by students and the students are believed to be back living at home with parents now to save money.

In contrast bigger apartments like two bedrooms and four bedrooms have higher than the average rental increase up 1.3 percent and 2 percent respectively.

If you would like to read the full article in French published on Le Figaro go here.

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