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French Property Sales Estimate Alpes Maritimes Apartments

French real estate market information is a bit of a mystery since the access to most sales data is not available in France at this time (October 2014), unlike in countries like Canada and the USA.

So as consumers we have to look at many sources. Here is one graph of the French property sales estimates for apartments in the Alpes Maritimes over the last two months.

StatsAppartment2mois

Unfortunately, we need to say we consider this data to be unreliable as it is only a portion of the market.

The best bet for you is to speak with a local agent in your area and ask them to search out data on properties like yours that have just sold. This task is no easy one but a well connected agent can help you.

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

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French Property Succession Laws Changing

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Evolution of the French real estate market updates to 2014

Is the price evolution of French real estate of interest to you? 

Below we have a link to a government of France site that shows the evolution of the French real estate prices between 1965 and today.

Before you jump on the link please note the site is in French and the details of the graph are in French but you can get a good idea of the information by using the explanations of terms below.

Prix equals Price
Loyers equals rents
Montant total des ventes equals total number of sales (pre owned i.e. existing and new combined)
Nombre de Ventes equals number of sales for pre owned i.e. existing properties (as against new)

Helpful Tip: When you arrive on the site you can click on the first graph and you get a download of the graph so you can see it larger.

Here is the link.

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French Property Mortgage Rates Go Down Again

French property mortgage rate changes were trended to have a possible increase after August (we wrote about this here).

However, according to the latest article in Explorimmo, French property mortgage rates show a new decline in the month of September. The rates went down on all loans exceeding 15 years.

According to Maël Bernier of Meilleurtaux.com, the change is between 0.15 and 0.25 percent on mortgages that are for longer than 15 years.

Example, in September 2013, the monthly cost of an average loan of 200,000 euros set over 2020 years amounted to 1,139 euros. Today the same loan, according to the credit experts will only cost the buyer 1079 euros per month.

This is all good news for French property buyers, it looks like October is a good month to buy.

If you wish to read the full article in French go here

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French Property Tax 2014 Top Five Most Expensive Top Five Least Expensive Cities

French Property Tax is, according to L’ovservatoire du FORUM en France, not equal in all cities as published in their report of 19th September 2014.

For example, as noted in the article in Explorimmo, in the town of Lille the property taxes this year are on average approximately 599 euros and reach approximately on average 1339 euros in Amiens.

The tax is lower in cities like Lille and Paris due, for example, to the economic contributions of local businesses.

Top 5 most expensive French cities in terms of contribution to Taxe foncière

Amiens
Montpellier
Le Havre
Orléans
Caen

Top 5 least expensive French cities in terms of contribution to Taxe foncière
Lille
Villeurbanne
Boulogne-Bilancourt
Paris
Strasbourg

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

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