New Build French Construction News First Quarter 2014

French New Construction news for the first quarter of 2014 has just been released by the French Federation of Promoters.

In France only 17 300 new lodgments were sold in the first quarter of 2014. This compares to 22, 500 sold during the same period in 2011 and 27,300 sold in the same period of 2010.

Clearly new construction is not selling well in France and here in lies an opportunity for you to negotiate a deal on a new build in France.

Source article in French here in Explorimmo

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International Investors NOW Getting Financing for France

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Finance for Buying in countries like France is on the rise according to a leading provider of International Finance.

Overseas Financing Specialist Simon Conn in an interview for OPP said his office is very busy with Asian clients buying abroad with increasing demands for financing from countries like Singapore, Hong Kong and China.

Buyers are seeking to invest in UK and in Europe.

If you would like to speak with an English speaking France based Mortgage broker to learn more about financing a French purchase contact us here

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Video: London Real Estate Record Compared To Paris Real Estate

At this time, French property prices are not souring upwards like in England particularly London.

In recent months luxury apartments in Paris are not selling well but in London there is competition in the market fuelled by wealthy buyers who see London as a great investment.

In the news today is the sale of a London apartment for 140 million Euros. This approximately 1500 m2 unfurnished apartment is located in One Hyde Park which is becoming one of the most sought after residences in London.

Watch the marketing video for One Hyde Park below

NOW Avoid the market competition in London and check out the hidden gems in the French property market with the assistance of an English speaking French real estate agent.Oea in France you want to check out and we can connect you to an English speaking real estate agent in the area at no charge to you for our assistance.

If you would like to connect with an English speaking French real estate agent who will be able to update you on the current market conditions and help you find your French real estate investment learn how we can help here

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Why are French Mortgage Rates Low at this time?

 

May 2014 French Real Estate Mortgage rates are at a historical low and the specialists in the French mortgage industry are surprised that the rates offered by the banks to their clients continue to be extremely attractive.

French property buyers with the best applications can get a mortgage right now for as low as 2.80 percent for 20 years according to the French mortgage broker Empruntis as quoted in Explorimmo.

Catherine Lanvario, director of communication of Credit Logement says there are many reasons why the rates are low. One is the banks are able to refinance themselves at very low rates. The current rate of government bonds Les OATS (les OATS explained) have gone down from 2.13 percent last month to 1.97 percent this month. The banks continue to support the economy by passing on the savings.

With low interest rates it is a great time to speak to a French mortgage broker to refinance your current mortgage.

If you would like to hear your options from a English speaking French mortgage broker  Contact us here.

Read the original article in French here

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French Riviera NICE Mount Boron Apartment Sea View Renovated Old Palace Hotel

3 bedroom luxury apartment in palace NICE mount boron

One of our English speaking real estate agents in NICE on the French Riviera has brought to our attention this beautifully renovated apartment located in the prestigious Mount Boron area of NICE. Mt Boron is an area of NICE that looks down on the Mediterranean sea and the Bay of Nice.

This luxury French Riviera apartment was redesigned by an architect to take complete advantage of the historical features of the ancient palace and hotel that is now a private residence. This apartment is one of the apartments located in the building with 3 bedrooms and an extra large balcony displaying a panoramic sea view.

Over 140 meters squared of living space divided perfectly in to a sleeping and living area. Each of the 3 bedrooms has its own Italian style bathing area. The master suite features it own spa with a zen waterfall and the suite opens onto the great balcony with the sea view.

Ceilings in many parts of this luxury apartment are 4 meters high.

The living room blends with the large terrasse via the disappearing doors and the open style kitchen has many features hidden away and yet convenient to serve your needs and the needs of your guests.

There are two air conditioning systems in this apartment and many more luxury features you would expect in a refined apartment. Price also includes a 15 m2 cellar that can be your own wine seller. Price 2 200 000 Euros

Article published 2014

If you would like to connect with an English speaking French real estate agent who will be able to update you on the current market conditions and help you find your French real estate investment learn how we can help here

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