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Reminder: All French Residences must have smoke detectors as of March 9 2015

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According to a new French law that came into place on 5 February 2013 all French residences must be equipped with smoke detectors by Monday March 9th 2015.

According to data from the French Ministry of Housing, a fire breaks out in a French residences every two minutes, causing about 800 deaths per year. 80% of these deaths are due to intoxication by smoke from a fire.

For security reasons it is advisable to install several smoke detectors in a home, preferably in bedrooms, hallway and living room.

The detector you choose must correspond to the minimum criteria outlined in the law here.

We recommend you check with your insurance company and local builders suppliers store to find the right one to buy so your home insurance is valid.

Details on the Law relating to Smoke Detectors is here in French. 

Be Safe, be Well

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Four Problems with Connected Homes in France

Entering the French real estate market are Connected Homes.

Are you considering buying or creating a connected home?

Connected homes are part of the IoT or internet of things and they allow you to have control over your home from outside of your home. You can control temperature, lighting and a whole lot more.

If you are interested in Connected homes consider the following in France.

One
Old homes in France May Have Connectivity Problems.

You need to make sure your ancient French village home has the right internet connection to make things connect. Check out if it is possible before you invest.

Two
The Investment May be High

You may find the initial investment like the cost of a Nest Learning Thermostat is high, however, the long term cost saving can be substantial. Get a complete estimate to see the long term value proposal.

Three
New Homes May be Connected

Do not assume a new home has the connectivity you need. Make sure you have the details from the builder to make sure you can do what you want to do.

Four
Not all Devices are the Same

Connected homes include thermostats that communicate with the heating system, smoke detectors that talk to the fire hall and fridges that can tell you the milk is about to turn bad. But the real value lies in the devices that add real value.

So a thermostat and a smoke detector can be a money and life saver but knowing that the milk is about to go bad may not be worth the technological investment.

As always find out what is important to you and ask lots of questions.

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French Real Estate and Sunday Shopping in France

The French real estate market remains generally calm at this time due to many factors including the quiet economy.

In an attempt to boost the economy through consumer spending the French government is changing the rules surrounding Sunday Shopping.

Read this article to learn more details about Sunday Shopping in France and also find out about potential changes in the French holidays.

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What is a CDI? What is a CDD in France?

When you want to buy French real estate and borrow money from the bank to do so typically the French bank will want to make sure you have a work contract called a CDI.

What is a CDI? 

CDI is the acronym for ‘contrat à durée indéterminée’ which means a permanent contract with a company where you have no determined end date to your contract. This typically means you work is much more secure than a CDD.

What is a CDD?

CDD is the acronym for ‘contrat à durée déterminée’ which means a fixed term, often short term contract. French banks typically will not loan money to people with a CDD employment contract for fear the person will become unemployed and be unable to pay the mortgage.

Before you request the free ebook below read what people are saying about ESREA France – some examples:

Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”  

Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”

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French Real Estate: Low Interest Rates Prevent Price Decline

According to the CEO of Credit Foncier, the current low interest rates available on French mortgages are a powerful factor in preventing the dropping of the prices in the market place.

According to Bruno Deletré the lowering of interest rates over the last seven years since 2008 has increased the purchasing power of individuals by 20 percent.

Read the original article in French here

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