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Seven tips for investing in French rental real estate

Hotel Martinez Cannes Film Festival

When you invest in French rental real estate there are many things you need to consider.

Here are seven:

One
Know your Purpose
Are you investing to generate income for your retirement?
Are you investing to have a French property to give to your children?

You need to decide on your purpose and then find out the tax consequences of your goal as a starting point.

Two
Know the Location
Make sure you know that the location you are investing in is an area with long term rental demand.

Consult government rental statistics.

Three
Know the Right Property
Make sure you don’t just pick a property because it is cheap. Make sure the property has features that make it desirable to rent.

Four
Know the Right Rent
Once you have chosen the appropriate property you need to make sure that the rent you can charge matches your goals before you buy the property!

So before buying consult a real estate rental professional for advise and consult government reports.

Five
Know the Rules of Renting
Make sure you know the rules relating to how you treat renters and how you can protect yourself again non-payment of rent.

Six
Know the Costs of being an Investor
Make sure you account for all the costs in the maintenance of your investment property. Including all types of taxes, monthly charges, repairs etc.

Seven
Know your Sale Price
It is very difficult to anticipate how the market will be when you sell your rental property. However, it is important that you invest in a quality product so that when the day comes to sell, if you need to, you can easily sell your French investment property at a profit.

For more advice on French real estate in your area of choice we can help you contact an English speaking French real estate agent. Contact us here today.

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Is French Real Estate Less and Less Overvalued?

French real estate is less and less overvalued, according to Olivier Eluere in his latest report.

Olivier Eluere is the economist for le Crédit Agricole Bank in France and in his report here in French states that property prices in France are still overvalued but the over evaluation are decreasing. He states that in 2012 pricing was 20 percent too high, however, now with the reduced cost of lending the over evaluation of French real estate is now only about 5 percent.

Mr Eluere states that property prices need to look clearly under priced for a new excited phase of home buying to take place in France.

Learn more by speaking with an English speaking French real estate agent contact us here

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Edith Piafs French Riviera home for sale where is it located? what price?

edithpiaffrenchrivierahouse

Edith Piaf’s former French Riviera residence is for sale.

It is located in Plascassier between Chateauneuf-Grasse and Valbonne on the French Riviera.

Features of this residence include:

500 m2 house

7 bedrooms

7 bathrooms

300 m2 Terrace

Pool

10,000 m2 Land

10 parking places

Pool

Price approximately 6 200 000 Euros

For a detailed brochure including photos and the opportunity to visit with an English speaking French real estate agent you can contact us here.

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Paris Real Estate Two Innovative Ways to Enhance the City of Paris

Paris real estate is about to change.

This year from January 14 to March 15 the mayor of Paris had available to all Parisian a platform to gather ideas from Parisians on how to impprove their city.

Below are two suggested ideas we liked from the thousands of suggestions:

One
Rain Wild
Install in the drainage system of Paris a system of mini turbines that are moved by the passage of rainwater through the pipes of Paris. The idea is to use this turbine movement to generate electricity to perhaps help light the city. This turbine system is called ‘rain wild’ and was developed by Mexican students. It has already been installed in an area of Mexico city.

According to Meteo France it rains 111 days per year in Paris so there is lots of potential for this idea. This idea has yet to be adapted in Paris.

Two
Green Roofs
Paris does not have many green roofs at this time and green roofs can help reduce the temperature in buildings as has been demonstrated in the big cities in Germany. The city of Paris is now working on encouraging the installation of 100 hectares of green roofs by the year 2020.

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How to Start to Create an Energy Efficient French Home

French Entrance Door

Does the beautiful old French residence you own or want to own contain energy leaks?

To reduce your French property energy bill you need to insulate your piece of French real estate, however, when you are working to insulate a property it is difficult to tell if you are insulating the right parts.

There is a solution: the new less expensive thermal cameras.

Small thermal cameras record infrared radiation and convert it to a visible image so you can see where the energy is leaking from your real estate.

Note: some cameras only work on small areas to diagnose where the energy is leaking around a window. Other more powerful yet hand held versions allow you to view the whole side of a house and see where the house is poorly insulated.

If you are about to renovate a French property or considering buying a French property that needs insulation you may wish to rent or buy a thermal camera so you insulate the weakest parts of the real estate first.

Here are some samples of Thermal Cameras, remember to do your own research before buying.

 

Black & Decker TLD100 Thermal Leak Detector (Amazon UK)

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Black & Decker TLD100-XJ Thermal Leak Detector (Amazon Fr)

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FLIR ONE Thermal Imager for iPhone (Amazon)

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Extech i5 Thermal Imaging Camera (Amazon)

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