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New French Government Program for Home Energy Efficiency

The French government has announced that starting September 19 2013 they will have a new program to encourage French people to make their homes more energy efficient.

The program has a slogan “J’éco-rénove, j’économise” ( I renovate ecologically, I save money)

According to an article in French on Explorimmo, the French Government’s goal is to have renovated “500,000 units per year, each year by 2017 and reduce 38% of energy consumption in the building sector by 2020.”

The program will offer loans at a zero percent interest rate up to 30 000 Euros plus other types of government assistance. Details are in French on the French Government site located at www.renovation-info-service.gouv.fr

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What does the word Rétractation refer to in French Property Contract?

Thank you for the question, in a French real estate contract the word Rétractation is possibly referring to the seven days the buyer has to renounce the contract after he or she has signed the ‘compromis de vente’.

You need to speak with your English speaking French notary to see if the usage of the word Rétractation is related to this important aspect of the contract.

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Are apartments in France Freehold or Leasehold?

An English speaking French notary answered this important question about property in France.

He told us that most of the property in France is Freehold meaning that you purchase the title of the property and have the right to pass it on to your heirs and re sell the property. It is rare, he said, that properties are leasehold meaning that you don’t buy the title but you pay for the long term lease of a property for a long period of time.

Make sure you confirm the legal status of any property you are planning to buy in France by speaking to your English speaking French notary.

NEWS: Have you seen our French real estate buyer’s guide that comes with a 100 percent money back guarantee? Here it is

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NEW Complete Guide to Property Investment in France: How to Manual

 

NEW Complete Guide to Property Investment in France: How to Manual is no longer on this page

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What does the French term Maison Plain Pied mean in a real estate ad?

 

In a French real estate advertisement you may see the term Maison de Plain-Pied and it is referring to a house that is all on one level. That is you enter and you will find the main living area, kitchen, bedrooms, washroom etc all on one floor. You will not have an stairs going to a different level. Unless there is an area sous sol.

In some countries a French maison de plein pied would be called a Bungalow or Rancher or single storey home.

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