French Real Estate Land Prices on Atlantic Coast

The price of French real estate land has fallen almost 14 percent on the Atlantic coast of France over the last five years, according to Insee. This in part explains why there is a radical increase in secondary homes on the west coast of France.

Visit this 2014 article in Explorimmo.

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

How to Create a Complete French Renting Application

When you wish to rent French real estate directly from the French property owner or via an French real estate agency you are recommended to prepare a complete renting application ahead of time according to Explorimmo.

Here are some tips: 

One
Prepare Ahead
Before you go to visit a French property have your application file ready just in case the French property is the right one for you. Do not wait to prepare your application after the visit or you will be waiting behind more prepared applicants and most likely lose out.

Two
Make it Memorable and Easy to Review
If you are giving a paper copy of your application then put it all inside a colored folder to bring attention to your application and make it ‘stand out’. If you are sending it by email make it into a PDF so it is easy for the reviewer to check all the documents on any type of computer they are using.

Learn more about renting in France with our French real estate renter’s guide details here

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What is the lowest French mortgage interest rate?

The lowest French mortgage interest rate you will received always depends on many factors including the length of the term and also apparently as to where the property is located.

In April 2014, according to an article in Explorimmo, the French mortgage broker Meilleurtaux.com offered its lowest 20 year French mortgage rate in Nantes.

The rate in Nantes was 2.65 percent for 20 years compared to the rate of 2.85 percent for 20 years offered in January 2014.

These low interest rates have made the banks very careful as to who they are loaning money to so you need to make sure you qualify in every way to received these history low mortgage rates.

Contact us if you would like to connect with an English speaking French mortgage broker. . Contact us here.

Original article in French here

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What is the true value of a French property?

The true value of a French property is based on a number of important features like any piece of real estate in the world.

ONE

The quality of the building

TWO

The type of the French property

THREE

The energy efficiency of the French property

FOUR

The immediate environment close to the French property

FIVE

The usefulness of the land associated with the property

SIX

The view and exposure of the property

There are many more characteristics that impact the true value of a French property just like a property anywhere in the world.

You will agree that the most beautiful French penthouse apartment that is facing north and located in an insecure neighborhood will lose its value overtime.

As always the most important characteristic appears to be Location.

If you are looking for an English speaking French real estate agent to help you find the French property of your dream we can help check out here

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French Real Estate Dictionary The Humorous Selection

We just read a review of a new book on French real estate that includes some humorous content as a comment on some French real estate advertisements and how they can be creative and make something not so nice appear desirable.

Unfortunately for us English speaking and reading people the book is written in French but we still want you to taste some of the humor. So via our translation we have done our best to share the real estate humor below with special thanks to the French writers of Devenir propriétaire c’est malin

If you read French it could be a valuable tool since it contains lots of guidance not just humor. Click here to learn about the book

But here is a sample of the humor. We hope you like it.

In a French real estate advertisement you read
À DEUX PAS DU CENTRE-VILLE
Translation “A few steps to the center of town” but this phrase really means “for regular athletes who expect to walk 10 to 15 minutes at high speed to get to the center of town”

In a French real estate advertisement you read
À RAFRAÎCHIR
Translation ‘Needs to be Updated’ but really means “In the best situation you just need to paint, in the worst case you almost need to rebuild! ’

In a French real estate advertisement you read
APPARTEMENT, MAISON ATYPIQUE
Translation “Not your typical house or apartment” which really means “the layout is hard to work with and if you buy this place it will be difficult to sell unless you redesign the whole place!”

In a French real estate advertisement you read
AYANT CONSERVÉ TOUT SON CHARME D’ORIGINE
Translation : ‘Original Charm’ but really means “Old and without a doubt never renovated, definitely work needed most likely with the professional help of an architect’

In a French real estate advertisement you read
FORT POTENTIEL
Translation ‘Large Potential’ but it really means “Expect a lot of work and the aide of a architect to get the work figured out.”

In a French real estate advertisement you read
IMMEUBLE DE CARACTÈRE
Translation “Building with Character” but really means “Old building!”

In a French real estate advertisement you read
IMMEUBLE DE STANDING
Translation “Quality building” but really means “you are going to pay high monthly charges for the pay of a caretaker who is paid too much”

In a French real estate advertisement you read
TRÈS FORT POTENTIEL
Translation “Very large potential” but really means “Enormous amount of work and a very definite need for expert help from an architect”

In a French real estate advertisement you read
PROCHE/NON LOIN DU CENTRE-VILLE
Translation “Near the center of town” but really means “Reserved for athletes with the ability to walk up to 30 minutes at a good speed.”

In a French real estate advertisement you read
QUARTIER EN DEVENIR
Translation “Up and coming area” but really means “Someday it may be a better area! ”

We hope you enjoyed this share and ask you to share the link to this article to one of your friends.

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