Avoid mistakes. Understand how the French real estate buying process works with ESREA France
After the passing in France of the Lemoine Law you can now seek a new insurance provider for your mortgage.
In the past, you were unable to change insurance provider for the mortgage and you had to accept what the bank loaning you money requested you to accept as insurance.
Now that is changed, the new law give you freedom to change your insurance provider
French real estate erosion: 126 municipalities threatened by coastal erosion
If you have a dream of French real estate on the coast of France perhaps you may wish to reconsider.
The government of France has noted that due to global warming and human activity 126 municipalities in France are priority locations to take action against coastal erosion.
41 in Brittany, 16 in Normandy, 31 in New Aquitaine. Read the full list here
This is an interesting follow up to our recent acticle where a French couple just
purchased an island in one of these area.
Continue reading “French real estate erosion: 126 municipalities threatened by coastal erosion”
Click the link below for the most recent French Real Estate Property Historical Pricing Trends. You will arrive at the English page on the Government of France website. The page shows historical trends in French real estate and property as of January 2023
Continue reading “January 2023 French Property Historical Price Trends”
If you own French real estate you may be wondering what is the least expensive heating to use once you have a properly insulated French property.
According to this survey published in the French newspaper LeFigaro the below listed amounts are for one year of heating in a certain size home details in the article. The article is in French but you can use your browser to translate.
Least expensive to most expensive:
Heat pump
€1,512
Wood stove
€1,637
Biomass boiler
€1,845
Very high performance gas boiler
€2,310
High performance electric heater
€3,588
Propane
€4,119
oil boiler
€4,221
Electric convector
€4,310
Before you make any changes to your French property it is best to get estimates from experts to confirm you home is properly insulated and then seek advise from at least 3 providers on what is the best option for your home
Date of article January 2023 prices may have changed
Source article here date of article december 2022
Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”
Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.
French real estate is great to own but if you are buying with credit you need to be aware that the applications fees for your mortgage may have increased with the banking institution you are in contact with.
Here are some examples from Lefigaro.
Banque Populaire Île-de-France has increased the application fees from 500 to 750 euros
The minimum charges for LCL have increased by 50 euros, to 750 euros and can climb up to 1% of the amount borrowed.
At Societe Generale, you can pay up to 1000 euros.
If you opt for BNP Paribas, the bill may be very high: 1.1% of the amount borrowed, with a minimum of 500 euros
This may not be current information when you read this article so make sure you ask each bank you connect with what are the application fees.
Remember to get your copy of our French real estate buyer’s guide.
Cynthia Sadler wrote ” I am so grateful to you for your help, and I have already spoken to friends who are planning to retire in France after their children graduate from college in 5 or 6 years, letting them know about the wonderful support that ESREA France will be able to provide when they start looking for a house to buy. You can be sure that I’ll be referring other friends who are thinking about relocation possibilities to you as I learn of that interest!I”
Tanya Coletz wrote “I can’t recommend David enough, such a refreshing experience after months of trying to find suitable professionals myself he managed to find English speaking, qualified and responsive recommendations immediately. He also responded to my emails on a French holiday and followed through on every promise at a very reasonable price. I’m very grateful for his help and highly recommend his professional service”
Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.