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French Property Investment: Increased Rent Reduces Income

French real estate investors need to be aware of the results of a new study by Edhec business school published in Explorimmo.

The study completed in February 2014 reveals that renting a property above the market price reduces the profitability of the French property over time.

The higher the rent is above the correct market price for the French property the lower the return on investment, according to the study. For example, if the rent is 20 percent more than the market renting rate the profitability is 4.23 percent compared to 4.47 percent if it was at the correct market rate.

The researchers found the reason for this reduced profitability is due to the increased risk of vacancy as tenants who are paying too much rent will leave the property when they find a better renting opportunity at market pricing. While the French property is empty the owner loses income. In addition, if the rent is too high there is a great risk the tenant may not be able to make a payment.

The researchers say the information requires more research to see if this is always  the case.

Read the original article in French here

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Four Ways To Find French Real Estate for Sale

If you are looking to invest in French real estate there are four ways you can find your new investment.

One
French Real Estate Portals and Site
There are many French real estate sites on the internet so like many people you can begin your research there. Some of the sites gather information from hundreds of real estate agencies so you can get a big picture view of what is available.

WARNING: Due to the existence of a mandate simple in France you may end up finding the same property for sale with many agencies. A solutions to bypass this problem is to ask a English speaking French real estate agent to help you find the property at the best price possible.

Two
Small French real estate ads
There are still many French properties for sale advertised in newspapers and free papers around certain towns. Typically, these are advertisements for properties also advertised on the internet but you can still take a look.

Three
French real estate agents
Working with a French real estate professional who will help you as your buyer’s agent can be very helpful indeed. This type of agent will have a network of agencies they work with and be able to show you properties that are not only registered in their agency.

WARNING: Not all agencies choose to co operate with each other so check with your English speaking French real estate agent and ask them how will they help you find your French property

Four
French Notaries
Once you are in contact with an English speaking French real estate agent you can ask them to put you in contact with a English speaking French notary who may have a client who is planning on selling a property due to a death in the family or divorce.

Details here to find an an English speaking French real estate agent in your area of choice.

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3 Things French Property Sellers Should Not Do

If you have a French property for sale and your French real estate agent is organizing visits for clients or agents with clients to visit your home then you need to respect the following guidelines to create a successful sale:

One
Do not Be Present
As much as you love your French property buyers never feel comfortable when the owner is around. They feel like they are disturbing the owner. As an owner you want to maximize the amount of time they spend in your home to see all the features and benefits.

In addition, if you are in the home, buyers do not have a chance to discuss all the pros and cons of the home. The best plan is not to be home and come back after the visits are finished.

Two
Do not Create Distractions
Freshly baked bread in the kitchen on the counter can be inspiring to help a buyer remember all the special features of a kitchen.

But avoid leaving snacks out for the buyers as they can be a distraction from their focus of absorbing all the features in the home. Make the home neutral and comfortable, avoid distracting music and leave the TV off.

Three
Do not hide Problems
If there are features that are not really ‘selling features’ of the home and they are repairs you do not want to fix then leave them be. Do not try to hide them. Some owners try to hide carpet stains or cracked tiles with furniture which once found makes the buyers very suspicious.

If you are a home seller we have a 50 step guide to help you prepare your home for sale. Go here for more details.

Contact us also to help you find an English speaking French real estate agent in France today.

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Video: Richard Roger’s solution to the High Cost of Housing. Could this happen in France?

French real estate in popular areas like Paris, Nice and Cannes to name a few is seen as expensive by many but real estate in London England can be even more expensive than the hottest place in France.

In London England, The YMCA has partnered together with Richard Rogers to bring forth the concept of Flat pack housing to help house homeless people. Is this the solution to the abundant need for housing in cities in populated parts of Europe?

When people want to live close to the cities or in the cities and prices are very high, maybe we will get more of what is in the video below. Do you think this will happen in France?

Only the future will show us.

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French Real Estate Investors: How to Reduce your Taxes

If you have invested in French real estate for rental income, according to this article in Le Monde certain expenses can be used to help reduce the tax burden you experience.

Please note you need to speak to a French tax advisor to be sure all this information is current and still possible.

What French real estate expenses can be deducted:

According to Christine Valence-Sourdille, ingénieure patrimoniale chez BN you may be able to deduct :

One
Expenses related to the management of the French property (condominium fees, property taxes, insurance)

Two
Expenses related to certain finance operations (fees, mortgage registration, insurance premium…)

Three
Expenses related to the maintenance, repair and improvement, that is work used to keep the dwelling in good condition such repairing a roof, replacing the heating..

Before you use these guidelines make sure you contact an English speaking French tax advisor.

Read original article in French 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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