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American Couple Bought French Rivera Castle

Back in 1918, an American couple who were living in Paris decided to follow their dream and head to the French Riviera.

Henry Clews Jr and Marie Clews purchased a castle in La Napoule on the French Riviera. Click here for location.

The castle was originally constructed in the 14th Century by the countess of Villeneuve.

After their purchase, Henry who was a sculpture and Marie who was passionate about music devoted their time to renovating and restoring the castle.

Today the castle is owned by the La Napooule Art Foundation which was founded by Marie Clews in 1951.

Source: Wikipedia

 

If you would like to watch a video on the Château de La Napoule look at the video below.

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Super Luxury French Real Estate Reserved for Foreign Buyers

Le Figaro reports that in the French real estate market the super luxury properties priced at more than 10 million euros are purchased at this time in 90 percent of the cases by non-French buyers.

The very wealthy buyers of whom it is estimated there are about 150 000 in the world at this time are of Arabic, Russian, Brazilian, Chinese and Indonesian origin.

Overall, according to Barnes International, a specialist in luxury real estate there are only a few dozen of these properties sold per year.

Read the original article in French here.

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Infographic French Real Estate Market Price Changes

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French Real Estate: How long does it take to sell?

According to an article in Le Figaro, Century 21 France state that at the present time (2014) it take on average 93 days to sell a property in France. This is an increase in 15 days since 2012.

Of course, this is an average of time and most likely based on French properties entering the market at the correct market price and being effectively marketed. Each property can have its own individual result.

Source article in French here

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French Real Estate Investors News 30 Second Read

According to Century 21 France in an article published in Le Figaro the number of investors in the French real estate market has gone down 8.4 percent since the beginning of 2014.

In fact, investors in the French real estate market now, according to Century 21, only takes up 6.8 percent of the transaction.

Read the original article in French here

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