Category: Uncategorized

Posted on

French Succession Law and What is Brussels IV?

Up until now as a French property owner who comes from outside of France you were impacted by the Napoleonic law that imposes restrictions on how you can divide up your estate.

Now with the new European Certificate of Succession regulations you can opt out of the succession law in France and instead use the Succession law of your own country, however, there are certain guidelines you must follow including the opting out must take place before you die.

This new ruling is called “Brussels IV” and the regulation takes effect from 17th August 2015.

A very important note is that even if you want to and can choose the succession law of your home country when you own French property you will be still liable to French succession tax.

We are not tax advisers or tax lawyers so we recommend you learn more by referring to your own tax consultant.

If you would like to be introduced to an English speaking French tax planner please contact us here

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

Young French Real Estate Property Buyers More or Less

Young French real estate buyers who are buying for the first time are getting less and less.

Even with low mortgage rates and incentives from banks for young buyers, according to a new article in Explorimmo, young first time buyers are struggling to enter the market.

The cause:

The difficulty to qualify for a loan

Lack of job security

According to Vousfinancier.com in a recent study of 5000 mortgage applications in 2014 the percentage of first time buyers was 55 percent earlier this year and at this moment in time is now approximately 29 percent.

The challenge appears to be that to get a loan French banks require buyers to have a confirmed long term contract called a CDI in French when in fact according to INSEE 84 percent of new hires into companies are on short term contracts called CDD in French. This means that the French banks are more likely to reject young buyer applications for a loan.

In addition, since in France unemployment has risen from 8 percent in 2011 to now 10.5 percent in October 2014. Many young buyers are becoming hesitant to invest in case they lose their work.

Read the complete article in French here

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

What is en Tontine in a French property transaction?

When you buy a French property you can buy en Tontine.

Tontine is an agreement in which several people purchase a property together, enjoy the usage of the property and give full ownership to the last survivor.

Note: there are important rules that impact the ownership of a French property en tontine.

It is important you consult with your English speaking French notary today particularly regarding taxes related to En Tontine.

French Notary Website

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

How much does low French mortgage rates save me?

We have clients ask us if French real estate has not gone down radically in price why is it such a good time to invest?

This is a very good question. In general, the time January 2015 is excellent to buy due to the reduction in mortgage rates that has steadily declined since the end of 2011.

In fact, according to Crédit Logement CSA in France the dropping of interest rates a total of 158 basis points so far can be equivalent to a reduction in prices of 14.5 percent.

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

La Poste French Postal Delivery Service Drones

French property owners who have properties in hilly areas may soon be able to receive postal delivery by drones according to a new article posted here in French.

A pilot test was done in the village of Pourrières. Click to see location.

A package 2 kg was delivered over a distance of 1.2 km.

La Poste are now experimenting to see if they can deliver larger packages over longer distances before putting into service drone delivery.

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Proudly powered by WordPress