What does moquette mean in a French real estate ad?

In French real estate ads you will rarely see the term moquette since most of the time French property has the floor covered in carrelage.

Moquette is referring to wall to wall carpeting in a French property.

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

2013 How much have prices gone down in rural areas of France?

According to a new article on Explorimmo the real estate market in rural areas of France is almost dead. The number of transactions is down 40 percent and prices have gone down 10 to 20 percent.

Read the cited article in French here

If you would like to speak to an English speaking French real estate agent that is a specialist in rural areas of France, we can help you contact one. Learn how we help you here

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

French Mortgages Costing More Rates Rising

2013 According to the latest report from the French real estate credit market interest rates for French mortgages are still low but they are rising.

This week, the major credit lenders announced that while the increase is gradual the rates are rose in September 2013 between 0.05 to 0.1 percent.

Read the full 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.

Four Reasons French Property Buyers are Reluctant to Buy

September 2013, according to Explorimmo, 75 percent of French people do not plan to buy a property at this time for the four following reasons:

One

Economic

Two

Fiscal Uncertainties

Three

Reduced Purchased Power

Four

High Prices

Now learn why 25 percent of the French people are still keen to buy property by consulting an English speaking French real estate agent today.

If you don’t know one we can help you find one. Learn how we can help you here.

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

What is the Clause Penale in a French real estate contract or compromis?

During the sale of a French property you may read in the compromis de vente the title of a section ‘Clause Penale’.

The ‘Clause Penale’ refers to the amount of money the buyer may have to pay the seller as a penalty under certain conditions when a sale is not completed. We are not lawyers so we recommend you  speak with your English speaking French lawyer and notary to fully understand what this means and how it impacts you legally and financially.

If you need to find an English speaking French property lawyer we can help you find one. Contact us here.

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