Category: Uncategorized

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What is the cause of the French new housing crisis?

According François Payelle, president of the FPI in France, the cause of the French real estate new housing crisis has been because of four damaging factors:

First
The access to land in France to build on has been made artificially scarce due to the rules of urban planning in France.

Two
The rules of construction have made the cost of construction rise by up to 50 percent in the last ten years.

Three
Rules controlling investment have reduced the number of investors buying new real estate so that there are 40,000 less investors in 2014 compared to 2010.

Four
France has the highest level of taxation on new construction in the whole of Europe.

Read the original source article in French here.

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French Real Estate New Infographic: Difference between List and Sale Prices

Just published in the real estate section of Le Figaro, a  well known French newspaper is an infographic that illustrates the difference between the average posted list price on a property in France and the average sale price.

Here are the list of areas and the percentage reduction of price that lead to a sale.

The period studied is between February 2014 and February 2015

Lille
Minus 5.09 percent

Rennes
Minus 2.42 percent

Nantes
Minus 4.88 percent

Paris
Minus 2.88 percent

Strasbourg
Minus 4.48 percent

Bordeaux
Minus 3.53 percent

Lyon
Minus 2.75 percent

Toulouse
Minus 4.83 percent

Montpellier
Minus 5.20 percent

Marseille
Minus 3.94 percent

Nice
Minus 4.84 percent

INFOGRAPHIC

You can now click on this link to visit the original article in French and scroll down for the infographic.

If you would like a English speaking Bilingual French agent to explain to you the details (since the infographic is in French please contact us here. We are here to help.

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Important Notice: French Property Owners of UK Property

Are you a French resident with UK property?

If you are a French resident who still owns property in the United Kingdom you need to be away of a tax change.

According to a new article posted by Blevins Franks if you expect to sell a UK property in the future while you are still a non-UK resident then due to the new tax changes you will be liable to tax.

This new rule comes into effect as of April 6th 2015.

Make sure you know how this may or may not impact you.

To learn more details please read this article.

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Loi Alur French Co Properties Building Repair Fund

French co-properties rules are changing again due to the Loi Alur.

As of January 1st 2017 the Loi Alur is making it obligatory for the individual owners of co-property in France to have set aside money for work that needs to take place on the building. This is a financial reserve voted on at the annual general meeting.

One of the main purposes of this fund is to avoid problems with collection of payment for work that has been done.

Learn more about the new rules and regulations you need to know when you are buying a French real estate located in a co-property. Contact a local English speaking agent.

These new rules and regulations also impact property sellers. We have a network of English speaking French real estate agents to help you. Contact us to find an agent in your area of choice.

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What is an arrondissement? What are the names of the Paris arrondissements?

In France, in the city of Paris, you will find that there are 20 arrondissements. These arrondissements are correctly called arrondissements municipaux.

An arrondissement is an admisistrative district.

Below is a list of all 20 Parisian arrondissements.

1. Louvre
2. Bourse
3. Temple
4. Hôtel-de-Ville
5. Panthéon
6. Luxembourg
7. Palais-Bourbon
8. Élysée
9. Opéra
10. Entrepôt
11. Popincourt
12. Reuilly
13. Gobelins
14. Observatoire
15. Vaugirard
16. Passy
17. Batignolles-Monceau
18. Butte-Montmartre
19. Buttes-Chaumont
20. Ménilmontant

For more details visit the source on Wikipedia here.

If you are looking to find an English speaking French real estate agent in Paris we can help you find one for the arrondissement you desire to invest in. Please contact us here.

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