News and Answers

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Loi Alur French Co Properties Building Repair Fund

French co-properties rules are changing again due to the Loi Alur.

As of January 1st 2017 the Loi Alur is making it obligatory for the individual owners of co-property in France to have set aside money for work that needs to take place on the building. This is a financial reserve voted on at the annual general meeting.

One of the main purposes of this fund is to avoid problems with collection of payment for work that has been done.

Learn more about the new rules and regulations you need to know when you are buying a French real estate located in a co-property. Contact a local English speaking agent.

These new rules and regulations also impact property sellers. We have a network of English speaking French real estate agents to help you. Contact us to find an agent in your area of choice.

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What is an arrondissement? What are the names of the Paris arrondissements?

In France, in the city of Paris, you will find that there are 20 arrondissements. These arrondissements are correctly called arrondissements municipaux.

An arrondissement is an admisistrative district.

Below is a list of all 20 Parisian arrondissements.

1. Louvre
2. Bourse
3. Temple
4. Hôtel-de-Ville
5. Panthéon
6. Luxembourg
7. Palais-Bourbon
8. Élysée
9. Opéra
10. Entrepôt
11. Popincourt
12. Reuilly
13. Gobelins
14. Observatoire
15. Vaugirard
16. Passy
17. Batignolles-Monceau
18. Butte-Montmartre
19. Buttes-Chaumont
20. Ménilmontant

For more details visit the source on Wikipedia here.

If you are looking to find an English speaking French real estate agent in Paris we can help you find one for the arrondissement you desire to invest in. Please contact us here.

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French Farm House Recently on Fire For Sale

 

BurnedhousefromClose

Would you sell a French farmhouse that had been on fire?

That is, without fixing it up? This owner is.

This month my wife and I were visiting the French regions called Langedoc-Roussillion that is filled with vineyards. We spotted an amazing site. A house that had clearly been on fire and was now for sale.

In the last picture you will see a sign that says ‘ A VENDRE’ which is French for ‘For Sale’

Interestingly the owner has not posted his phone number on the sign just an email address.

I wonder if he will email us some inside photos of the house?

ForSaleBurnedHouse

aVendre

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Where are the lowest French mortgage rates?

French real estate mortgages have gone down again.

According to Crédit Lodgement / CSA nothing may stop the French mortgage rates from going down again.

The average rate is noted here as 2.21 percent.

Which towns have the lowest French mortgage rate?

According to Meilleurtaux, Lille is has the lowest French mortgage rate being offered at 1.79 percent over 20 years. Next is Toulsouse and Marseille with a rate of 1.85 percent over 20 years. Then Strasbourg and Nantes at 1.90 percent over 20 years.

Last October (2014) there was no place in France where you could get an interest rate lower than 2 percent.

French mortgages rate may have changed by the time you read this. If you would like to get your best opportunity contact us to speak to an English speaking French mortgage broker. Contact us here. 

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French Real Estate Owners: Last Minute Movers

Do French property owners plan ahead for a move?

A recent study published on February 17th 2015 by l’Observatoire du déménagement des Artisans déménageurs shows that there is an increasing trend for French property owners to wait till the ‘last minute’ to arrange their move from one property to another with the help of a professional mover.

21 percent of French real estate moving applications are taking place with 15 days before the intended move. Another 22 percent of moving applications are being made between the last 15 and 30 days before the intended move.

The growth and ease of getting estimates online has make it easier for people to apply for an estimate of the cost of moving.

The apparent reason why people are waiting till the last few days is the belief they will save money since moving companies will be not busy and offer a discount to attract the client. 

Unfortunately, the belief is often found out to be false and no savings are made.

Learn more about how to prepare for a French property move here and make it less stressful.

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