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French Real Estate Sales Increasing Say French Notaries

According to the Notaries of France, latest report the sale of previously owned French real estate has increased 12 percent year over year between March 2013 and March 2014.

There have been approximately 740 000 transactions in this period.

Of course, this is an overall average and the percentage will differ area to area, for example, Ile-de-France has only had a 9 percent increase.

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English Speaking French Tax Advisers Seminars

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What is an Annexe in a French real estate advertisement?

When you read the term ‘Annexe’ in a French real estate advertisement this can mean several different things depending on the author of the advertisement.

Two examples:

On a large property there may be a small guest house and this may be referred to in an advertisement as an ‘annexe’.

Another example is that there may be a workshop separate from the house also referred to as an ‘annexe’.

Once again the meaning of some terminology needs to be verified with the agent over the phone before you schedule a visit.

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Video: Antibes French Riviera with Dennis Callan

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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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France Property Real Time Sales Price Index Coming

According to a new article on Property Wire French property buyers, sellers and agents will have access to close to real time property pricing index this September 2014 for the residential real estate market in France.

The Prix de l’Immobilier index designed by Michel Mouillart, director of the Housing Credit Observatory intends to use statistics from financial institutions and the French national syndicate for real estate prices to help open a window to understand current real estate pricing in France.

Although the index will be to cover all of France it will not have access to all the pricing details but will improve the access to information that currently lies mostly in the hands of French notaries.

Since the notaries are the ones who register transactions they have access to data that can really help people make informed decisions, however, the unfortunate part of the French Notaries updates is that they are months out of date when they are released. A weekly index will be a lot more helpful to buyers and sellers both locally and internationally based.

Read the original article here

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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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