My Old Lady and Viager in French Real Estate

French real estate has a process called Viager and this is focused on in a new dark comedy drama starring veteran comedy actor Kevin Kline.

The movie is called My Old Lady The film is a story about an American who thinks he will have financial relief when he inherits a high priced Paris apartment from his father.

However, this is where the French real estate process of Viager comes in. The Property has two tenants and Klein cannot sell the property until the older tenant dies. In addition, he has to pay her an annuity while she is alive.

So Kline without money decides to move in with the tenants and the adventure begins. Read reviews of My Old Lady here

Read more details about Viager here.

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French Property Sales Continue to Take Longer

The time to sell a French property is taking longer and longer according to a new article in Explorimmo. In 2011 it took on average 78 days, in 2013 it took on average 90 days and in 2014 it took on average 95 days.

These are averages so the amount of time may be different in the area you have your French property.

Read the full article in French here

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What is the for sale price of Chateau Sainte Therese St Tropez

The Château de Sainte-Thérèse located in St Tropez on the French Riviera is now up for sale.

It was one of the last places visited by Lady Diana Spencer, Princess of Wales  before she died tragically in August 1997.

This beautiful home was built in 1860 and was once the residence of Ferdinand des Lesseps who developed the Suez Canal.

The undisclosed sale price is estimated to be 93 million euros.

The property is approximately four hectares and located inside a private community called “”Les Parcs de Saint-Tropez”.

The house features 7 bedrooms, a large terrace, 3 reception rooms, 2 kitchens and the list goes on.

More features include:

Disco

Bar

Cinema

Fitness Gym

Sauna

If you would like to read more details and see photos of the residence you can visit this article in English from the Daily Mail

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House Prices Fell in Most Parts of France in 2014

According to Property Wire, the price of houses in regional France continued to fall in 2014. However, there are considerable variations in the information received.

The French national association of French estate agents FNAIM says that house prices fell by an average of 1.5% in 2014, but with significant variations across the country.

Prices fell, most notably by 5.3% in Nord pas de Calais, by 5.1% in Limousin, by 4.9% in Upper Normandy, by 4.8% in Franche Comte, and by 4.3% in Champagne Ardennes.

In contrast, Picardy led the way with price rises of 3.5%, Lower Normandy saw prices rise by 1.2%, Poitou-Charentes by 1%, Languedoc-Roussillon by 0.9%, Auvergne by 0.8% and Brittany by 0.4%.
Read the full article in Property Wire here

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2015 Dates of Conferences Trade Fairs Cannes France

Cannes France has many conferences and trade fairs each year. Below are examples.

These events are part of the reason why people invest in apartments and villas that can be rented to visitors during the festivals.

MIDEM
5 to 8 June 2015
The World’s Music Market
(Marché International du Disque et de l’Edition Musicale)
Official Website

*

MIPIM
10 to 13 March 2015
The World’s Real Estate Market
(Marché International des Professionnels de l’Immobilier)
Official Website

*

MIP TV
13 to 16 April 2015
TV and Media Festival
(Marché International des Programmes de Télévision)
Official Website

*

International Film Festival
(Festival International du Film)
13 to 24 May 2015
Official Website

*

International Festival of Creativity
(Festival du Film Publicitaire / Lions)
21 to 27 June 2015
Official Website

*

MIPCOM
5 to 8 October 2015
(Marché International des Programmes pour la Télévision, la Vidéo, le Câble et la Satellite)
Official Website

*

Tax-Free Fair Cannes / TFWA
18 to 23 October 2015
Official Website

*

MAPIC
18 to 20 November 2015
(Marché International des Professionnels de l’Implantation Commerciale
et de la Distribution)
Official Website

*

International Luxury Travel Market / ILTM
30 November to 3 December 2015
Official Website

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