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What does Lu et approuvé mean on a French document?

When you read “Lu et approuvé”  it literally means ‘read and approved’ and these terms will typically be seen at the end of a French contract and you are typically requested to sign after or below these words.

Important: The presence of these words are to remind you to make sure you understand what you are signing. Make sure you get proper legal advice if you are not sure about what you are signing.

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French Property Affordability is on the Increase

Even though the price in general of French real estate has remained high the ability of people to be able to afford French real estate has increased in 30 cities in France.

Research published by Capacim (capacity to purchase real estate) announced on October 29th 2013 indicated that in some parts of Paris, for example, 34.2 percent of people were able to purchase French real estate that matches their needs, in contrast to only 32.9 percent a year ago. The most affordable area is Evry where 68.3 percent of residents can afford to buy a French property suiting their needs.

If you are looking for more details and you read French and like charts you can read the original article here on Explorimmo. 

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What is a Fosse Septique in a French property advertisement?

The presence of the term Fosse Septique needs to get your attention. Fosse septique is a septic tank, a type of sanitary system used to collect the liquids and solids that exit your toilet.

When you see this term in an advertisement you need to make sure the French property owner has had the Fosse Septique inspected and that it is still in excellent working order.

You also need to find out the last time it was cleaned out and when the next cleaning is due.

Make sure you contact a septic system specialist to learn all you need to now before buying a French property with a Fosse Septique.

In general, it is an important item you need to budget to maintain. When you find properties without a Fosse Septic they are typically connected to a town sanitary system via a series of piping. Make sure you have this confirmation in writing, ask your English speaking notary for advice.

Important note: Always make sure you know if a French property has a Fosse Septic and the condition of the system before you commit to any purchase.

This article is simply a reminder. Always see legal advice before buying a french property.

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The Candy GPS Report – Global Prime Sector Top Residential Enclaves includes French Riviera

If you are interested in French real estate you need to check out The Candy Report – The Global Prime Sector Top Residential Enclaves – this report ranks locations by global reach, real estate values, exclusivity and luxury tourism.

In the latest report featured by Savills there is an interesting table noting the top twenty real estate locations sought after by the most wealthiest people in the world.

Top Five Enclaves from the Candy GPS Report Autuum 2013

Rank one
French Riviera, France

Rank Two
Costa Smeralda, Italy

Rank Three
St Barts, St Barts

Rank Four
Aspen, USA

Rank Five
Monaco, Monaco

Go to the Savills article to read find out more about the report

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What does finitions mean in a French property ad?

Finitions is the French term used to talk about the level of finishing in a French property, it could be that the finishing is of higher than normal quality in the French apartment or house you are reading about.

For example, a property advertised with the level of finishing described as ‘haute de gamme’ in a French real estate advertisement means the finishing in the property is very high quality.

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