What is an accord de pret immobilier in France?

french real estate finance

When you are buying French real estate with a loan (mortgage)  and you have applied for a loan you will wait to hear from your bank if they are willing to give you “L’accord de prêt immobilier”.

L’accord de prêt immobilier is a document that states the bank is willing to loan you the money you are asking for.

This is NOT the same as the official offer of financing to help you buy your french property.

If you would like a clear understanding of what is involved in financing the purchase of a French property we can help get you in contact with an English speaking French mortgage broker.

Simply contact us today.

French Mortgage Rates Decline Again in April 2015

Euro

According to economist and founder of Clameur Michel Mouillart “we have never seen interest rates this low” as quoted in Explorimmo.

For the month of April 2015 according to l’Observatoire Crédit Logement / CSA, mortgage rates stood on average at 2.03 percent for all durations compared to 3.08 percent in December 2013.

Overall in the first quarter of 2015 the average mortgage rate has been 2.19 percent compared to 2.38 in December 2014.

For more details we can help you connect with an English speaking French mortgage broker just contact us here.

Top Ten Cities to Invest in France 2015

 

ViewBeauSoleil

If you are planning on investing in French real estate you need to check out the top ten cities recommended to place your money in France.

Explorimmo and Explorimmoneuf have created their 4th annual edition of the top ten cities to invest in France. They look at the top 30 most populated cities in France and look at the following criteria:

One
Evolution of Price

Two
Employment

Three
Presence of Students

Four
Price of Real Estate Old and New

Five
Average Prices of Rentals for Studios and 2 Bedroom Apartments

Plus other criteria.

The Results:

Number one Toulouse

1- Toulouse
2- Lyon
3- Nantes
4- Lille
5- Bordeaux
6- Villeurbanne
7- Montpellier
8- Nîmes
9- Grenoble
10-Le Mans

If you wish to speak directly with an English speaking French real estate agent in one of these areas we can help you contact us here for guidance at no charge.

Read source article in French here

How to Prepare Your French Property for Sale

Belvedere France

Many owners of French real estate are reluctant to do any work on their property before they put their French property for sale.

In fact, we have read that as little as 1 percent of French real estate owners invest money in a property before marketing the property. In addition, the 1 percent is typically investors who understand values.

Here are 3 important things to consider.

One
Invest with the greatest impact
Repair water leaks, insulation leaks, broken door, window and closet handles. In addition, faulty or broken electrical outlets need to be replaced.

Two
Tidy Up the Property
It may be appropriate to add some paint or plants to enhance your real estate and it is definitely important to tidy up the property. Find 50 specific tips in this 64 page guidebook.

Three
Make some Renovation
Sometimes it can be wise to do some renovation of a property but there is no guarantee the work you do will be liked by a future potential buyer. Get professional advice about your home before you invest in changes that might involve a lot of work. You want to make sure your investment has a positive return.

If you are planning to sell soon get yourself a copy of our guide book 50 Tips on How to Sell your French Property for the Best Price. 

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