Category: Uncategorized

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French Bank breaks Trend and Increases Mortgage Rates

esrea france

If you are investing in French real estate and you are planning on financing the project the good news, according to most French mortgage brokers, is that the rates are not going up for the moment.

However, French Bank Credit Lyonnais just increased its rates overall by 0.1 percent so a 20 year mortgage is now 2.2 percent versus 2.1 percent last month.

For a 200,000 euro mortgage this is the equivalent of 8.42 euros per month states Hervé Pratt President of Meilleurtaux.

However, Hervé Pratt says he doubts this will make any change for the current market place.

The anticipation is that mortgage rates will start to rise in the Autumn of this year.

If you wish to speak to an English speaking French mortgage broker for up to date advice we can help you connect at no charge. Just contact us here.

Read the source article in French here

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Paris Real Estate Market Sales Decline

The number of Real Estate Sales in the Paris region of France are down again.

According to the latest report from the Notaries of France sales in the Paris region are down 14 percent.

In Île-de-France, between December 2014 and February 2015 approximately 31 000 units were sold. This is 14% less than during the period December 2013 and February 2014.

For more details visit the notaries of France website here or contact an English speaking French real estate agent in your preferred area of France. You can contact us to assist you in finding an agent for you at no charge.

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Photos Jean Luc Pele Desserts Cannes

Jean Luc Pele Macaroons

We all know that France is not all about about real estate there are many different parts of French culture many people find delicious.

One is the food, more precisely, the artistic preparation of the food with a particular focus on desserts.

In Cannes on the French Riviera you will find in one store the artistry of Jean Luc Pelé.

The photos only give you a sample of what you will see.

When you taste a treat you will have a whole new experience.

Happy tasting!

P.S. Jean Luc Pelé’s artistry is another good reason to have a property in Cannes! Contact us if you need an English speaking French agent.

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What is an accord de pret immobilier in France?

french real estate finance

When you are buying French real estate with a loan (mortgage)  and you have applied for a loan you will wait to hear from your bank if they are willing to give you “L’accord de prêt immobilier”.

L’accord de prêt immobilier is a document that states the bank is willing to loan you the money you are asking for.

This is NOT the same as the official offer of financing to help you buy your french property.

If you would like a clear understanding of what is involved in financing the purchase of a French property we can help get you in contact with an English speaking French mortgage broker.

Simply contact us today.

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French Mortgage Rates Decline Again in April 2015

Euro

According to economist and founder of Clameur Michel Mouillart “we have never seen interest rates this low” as quoted in Explorimmo.

For the month of April 2015 according to l’Observatoire Crédit Logement / CSA, mortgage rates stood on average at 2.03 percent for all durations compared to 3.08 percent in December 2013.

Overall in the first quarter of 2015 the average mortgage rate has been 2.19 percent compared to 2.38 in December 2014.

For more details we can help you connect with an English speaking French mortgage broker just contact us here.

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