News and Answers

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French Real Estate Market Activity Quick Overview

French Riviera apartment for sale NICE

The French real estate market is active again depending on where you look.

Paris
The Paris market has started to pick up since the beginning of 2015 according to this article in Explorimmo (French). Many buyers are convinced the market has hit its lowest prices so the first time buyers have entered the market again.

Lyon
The second biggest town in France has seen a drop in prices which appears to have activated the market just like in Paris.

Bordeaux
The creation of a new high speed train line between Bordeaux and Paris appears to have impacted values in Bordeaux as it is one of the few places in France where the prices are increasing.

Toulouse
Over the last 6 months according to the same report in Explorimmo the number of transactions that have take place in Toulouse has increased by 9 percent.

Nice
According to local agents, Nice has regained its active market. Some agencies are claiming an increase in activity of 20 percent compared to last year number of sales.

If you would like to speak to an English speaking French real estate agent in any of these towns in France or another area you prefer please contact us here for assistance.

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Rent Your Dream French Vacation Home

English speaking agent Montpellier

Did you ever dream of renting a luxury French residence for your next vacation?

Perhaps it is not the right time for you to buy a French property as a secondary residence, however, you and your family and friends will enjoy a high level of luxury for a week on the French Riviera.

If renting for your French vacation is of interest to you we can direct you to local English speaking experts in the luxury French property market.

If you have a luxury French home that has a swimming pool and you would like to rent this home we can place you in contact with English speaking French real estate professionals who can serve you.

If you are ready to invest in a secondary residence in the south of France one of the most popular areas to invest contact us today. You could enjoy part of your summer here and when you return to work rent out your property for a large amount of money per week depending on the features of your property. Contact us here for more information.

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Chinese Sovereign Wealth Fund Buying French commercial real estate

Chinese Sovereign Wealth Fund actively buying French commercial real estate.

According to an article published in Le Figaro, Chinese investors are ready to buy 8 shopping centers in France including La Vache Noire in the Paris suburbs.

The transaction is estimated to be over 1.3 billion euros.

The Chinese sovereign wealth fund CIC (China Investment Corporation) manages 220 billion US dollars in assets.

Original article in French here

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Tax Change in France May Impact Buyer Affordability

english speaking agents france

The ability of a French resident to get a French mortgage is related to their income. A new tax change appears to be coming in France from January 1st 2018 that will change how much money a buyer can borrow.

According to this article in French in Le Figaro from January 1st 2018 taxes will be levied directly on wages which will effectively decrease the monthly income of many French taxpayers.

The exact rules of this tax application is not in place yet but if the current banking system debt to service ratio that is based on monthly income remains the same the new rules will reduce the borrowing capacity of buyers, according to the founder of Immoprêt Ulrich Maure.

Contact your French tax or banking advisor for more details.

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How is the Real Estate Market in Cannes Croisette on the French Riviera?

Miramar Residence Cannes

According to local English speaking French real estate agents in Cannes, the local market has seen a decline in transactions. However, the ‘Croisette’ in Cannes continues to be attractive due to its global fame and central location.

The Blvd Croisette itself has a central area naturally called ‘Croisette Centre’.

The ‘Croisette Centre’ is the prime location that is surrounded by a larger area that runs from the Festival Hall to Port Canto.  The main attractions of the central area are the beaches, sea views and the proximity to shops and restaurants as well as the Festival hall.

The Croisette is also hosts to a number of magnificent hotels like the Carlton International and the Hotel Martinez.

Map Cannes

Prices at this time (2015) on the Croisette Centre depending on the exact location and building can be starting at 30000 euros per square meter. Price at Pointe Croisette further from the center of all the activity start at approximately 15000, again this pricing depends on the building and location and the current condition of the market. (

If you want to learn more about the Cannes real estate market particularly the prime real estate on Blvd de la Croisette it is best to start with an over the phone or in person meeting with a local professional who lives and breaths the local market. He or she will share with you the very best places to invest in Cannes and also the places to avoid.

We can connect you at no charge with right local English speaking French agent contact us here.

 

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