Avoid mistakes. Understand how the French real estate buying process works with ESREA France
Chinese Sovereign Wealth Fund actively buying French commercial real estate.
According to an article published in Le Figaro, Chinese investors are ready to buy 8 shopping centers in France including La Vache Noire in the Paris suburbs.
The transaction is estimated to be over 1.3 billion euros.
The Chinese sovereign wealth fund CIC (China Investment Corporation) manages 220 billion US dollars in assets.
Original article in French here
The ability of a French resident to get a French mortgage is related to their income. A new tax change appears to be coming in France from January 1st 2018 that will change how much money a buyer can borrow.
According to this article in French in Le Figaro from January 1st 2018 taxes will be levied directly on wages which will effectively decrease the monthly income of many French taxpayers.
The exact rules of this tax application is not in place yet but if the current banking system debt to service ratio that is based on monthly income remains the same the new rules will reduce the borrowing capacity of buyers, according to the founder of Immoprêt Ulrich Maure.
Contact your French tax or banking advisor for more details.
According to local English speaking French real estate agents in Cannes, the local market has seen a decline in transactions. However, the ‘Croisette’ in Cannes continues to be attractive due to its global fame and central location.
The Blvd Croisette itself has a central area naturally called ‘Croisette Centre’.
The ‘Croisette Centre’ is the prime location that is surrounded by a larger area that runs from the Festival Hall to Port Canto. The main attractions of the central area are the beaches, sea views and the proximity to shops and restaurants as well as the Festival hall.
The Croisette is also hosts to a number of magnificent hotels like the Carlton International and the Hotel Martinez.
Prices at this time (2015) on the Croisette Centre depending on the exact location and building can be starting at 30000 euros per square meter. Price at Pointe Croisette further from the center of all the activity start at approximately 15000, again this pricing depends on the building and location and the current condition of the market. (
If you want to learn more about the Cannes real estate market particularly the prime real estate on Blvd de la Croisette it is best to start with an over the phone or in person meeting with a local professional who lives and breaths the local market. He or she will share with you the very best places to invest in Cannes and also the places to avoid.
We can connect you at no charge with right local English speaking French agent contact us here.
France is not immune to pollution and the value of France to many people is its beautiful nature and beautiful buildings that overtime can be destroyed by pollution.
What can be done to ‘eat’ the pollution?
Mexico city has a huge pollution problem at this time and a German company has created a solution that on one building alone helps ‘consume’ the pollution made by 1000 vehicles.
Indeed, the design needs to be perhaps adapted to become more appealing to the eyes, however, everything is possible. What way would you place this smart material on a French building?
What activates this material to ‘eat pollution’ sunshine and France gets plenty of sunshine.
Watch the video to be inspired.
Perhaps, you just bought a beautiful French home with an exceptional kitchen that is great except the appliances look old.
Yet, the old French appliances work, so what can you do?
According to this article on House Logic you can paint the appliances.
If the front of your appliance is metal not plastic you can paint directly with only a small amount of preparation. If the front is plastic you will need to prime the surface.
Heat resistant appliance paint can be used to change colors or a liquid stainless steel application can give your appliances a stainless steel like finish.
You may need to do two or three coats of paint to do the job, however, this is a lot cheaper than buying a new appliance.
Learn more at your local home renovation store.