135 Real Estate Billionaires Forbes

According to Forbes, due to the value of properties rising globally 15 new people have joined the Forbes list of Billionaires this year. There are now 135 Billionaires globally who derive there wealth from real estate holdings.

Worth noting: 14 of the top 20 Richest real estate billionaires come from the Asian-Pacific region. Of all 135 Billionaires, 21 are from Europe.

When you look at the details Knight Frank’s Global House Price index that tracks prices in 53 countries shows that as of the third quarter of 2013 residential property on a global scale was up 4 percent from the 2008 peak! This means it is 12.7 percent higher than values during the global financial crisis.

Of course, these numbers vary nation to nation and one of the nations at the present time that does not have a fast rising property market is France. So this could be a great opportunity for you to make an investment before the market turns and prices go up.

Read Source Article in Forbes

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French Real Estate Investment Think like Billionaire Warren Buffet

If you are wondering if it is a good time to invest in French real estate then you will benefit from the words of Billionaire Investor Warren Buffet.

Buffet just wrote about real estate investments in his annual letter to shareholders.

He gives some great words of wisdom that can help you decide whether it is a good time to invest or not in real estate.

Here is the link to the article Warren Buffet on Real Estate Investment

If you are curious, a number of us have also read The Snowball: Warren Buffett and the Business of Life We recommend you check it out.

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What is a mandat de vente sans exclusivite in French real estate?

In general in French real estate you will hear about the ‘mandat exclusif’ and the ‘mandat simple’.

The mandat de vente sans exclusivite is in general the same as a mandat simple.

Definition of the mandat exclusif is here

Definition of the mandat simple is here

Note: we are not French lawyers or notaries so we recommend you seek direct legal advice before you sign an agreement with a real estate agency. You need to make sure you fully understand what you are signing. The details are important and we cannot explain them here.

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What is a mandat Semi Exclusif in France?

In general we have seen 3 different types of French real estate Mandats (agreements between owners and real estate agencies).

The most commonly used are the mandat simple and the mandat exclusif.

On occasion you will hear of a mandat semi-exclusif. So in response to a readers question we asked what is a ‘mandat semi-exclusif” in in French real estate?

In the sale of a French property the owner can give the right to one agency to market the property on their behalf and as part of this agreement they also maintain the right to sell the property themselves. This is what is called a mandate ‘semi-exclusif’.

Note: we are not French lawyers or notaries so we recommend you seek direct legal advice before you sign an agreement with a real estate agency. You need to make sure you fully understand what you are signing. The details are important and we cannot explain them here.

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InfoGraphic January 2014 Slight Increase in French Real Estate Prices

According to a new infographic posted on PAP.fr there has been a slight increase in the sale prices of French real estate property in the month of January 2014.

Warning: these statistics are only based on a pool of property information of 10 586 transactions registered in 8 agglomerations in France: namely, Paris, Marseille-Aix-en-Province, Lyon, Lille, Nice Cote d’Azur, Toulouse, Bordeaux and Nantes and it represents.

Information will vary by area and needs to be locally confirmed by a real estate professional where possible.

The price for houses based on this resource in January 2014 went up 0.6 percent and the price for French apartments went up by 0.45 percent.

The taux de negotiation for apartments was 4.73 percent and for houses was 5.19 percent.

New Image

See the source 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.