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Is the French Real Estate Market Recovering?

After many months of waiting some experts suggest the French Real Estate market is getting more active or at least should be.

According to a new article published in French on Explorimmo low interest rates, lower prices, capital gains tax relief may inspire more activity in the market. Experts like François Davy of the Foncia Group noted an increase in market activity during the months of July and August (2013).  The president of the Guy Hoquet group also remains optimistic.

Indeed many agents recommend it is a good time to explore the market for highly motivated sellers who are selling at interesting prices but you have to look closely to find these deals.

Read the full article in French here

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French Real Estate Tax Changes You have a year to enjoy tax cuts

French real estate rules change again for secondary property owners.

As stated in Le Figaro the French newspaper on September 1st 2013 French secondary property owners have a year to enjoy lower taxes in terms of capital gains taxes.

For full details and to calculate the savings you can get by selling your secondary French residence at this moment compared to a month ago speak to your English speaking French tax adviser today.

If you read French you can check out the article in Le Figaro that offers details on how the new capital gains taxes works.

But make sure you check with an English speaking tax adviser to have all your estimate in order before you sell.

If you need help locating an English speaking tax adviser we can assist you in finding one contact us today. 

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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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What does cuisine amenegee mean in a French real estate advertisement?

In France when a property is advertised for sale there is no guarantee the kitchen in the property has any kitchen cabinets installed.

When an advertisement says cuisine amenegee this is to say there is a kitchen with cabinets installed but this does not mean there are machines like a stove etc in the kitchen.

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What does carrelage mean in a French real estate advertisement?

If you see the term ‘carrelage’ in a French real esate advertisement it is referring to what we call in English tiling typically on the floor.

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What is a ‘Ancienne Bergerie’ in a French real estate advertisement?

In France there are villas with unique history. If you see an advertisement for a Rustic Ancienne Bergerie, an ancienne bergerie  is an old sheep pen that was used by a shepherd in the past to house his flock.

You may find large old sheep pens converted into beautiful rustic homes in the mountains of France. There may be no trace of its previous usage.

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