News and Answers

Posted on

French Mortgage Lending Down Excess French Paperwork to Blame

Reuters Paris published an article on June 30 2014 centered on the fact that French mortgage lending has gone down 43 billion euros in May.

This they believe has happened since the new loi Alur that arrived in March 2014 requires an enormous amount of extra paperwork for the sale of apartment properties in France, thereby slowing down the sales process of French property.

Even with interest rates at a historical low in France property sales are taking a long time to take place.

Laurent Vimont of Century 21 France says due to new French government document requirements the sales promise document can reach 650 pages compared to approximately 100 pages before the arrival of the new law.

Read the full article in English here

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

French Government Action to Ignite French Real Estate Market

The French government had an initial goal to build 500,000 new lodgements but as of 2013 there has only been 320,000 created, according to a new article in Explorimmo.

Construction jobs are disappearing, requests for building permits are going down and the new construction market is standing still.

To help ignite the market the French government announced on June 25th 2014 four actions:

One
Special French Purchase Loans
To increase access to new home construction purchases ‘Le Prêt à taux zéro’ (An incentive plan offering loans to qualifying individuals at zero interest rate) is to continue for an additional 3 years. The amount permitted for a new home buyer will also be increased depending on the location of the property and the buyer.

Two
Simplification of French Construction Process
The government of France is putting in place 50 new regulations to simplify the process of New French property construction. At this time we do not have these details in English but if you do read French you click on this link you will get a copy of the French government’s document in French. Then you can contact your bilingual French real estate agent to assist you.

Three
Increase Usage of Available Land
The French government will speed up access to public land that is available for construction.

Four
New Development of Social and Intermediate Housing
The French government hopes to create new social and intermediate housing with the assistance of private investors. To stimulate investment the government under certain guidelines offer a tax deduction starting at 18 percent for investors. It is important you speak to your personal English speaking French real estate agent to see how you can quality and benefit from this opportunity.

Read the original article in French here

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

How low are french residential property mortgage rates right now?

At the current moment in time French mortgage rates are at a historical low according to l’Observatoire crédit logement in France. 

French mortgage rates have went down significantly in the first half of this year, in fact, to record low for the last forty years:

2.85% is the average mortgage rate available to qualified individuals in May 2014, that is down 23 basis points since January 1st 2014.

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

Is it better to Buy or Rent in France?

Have you ever wondered if it is better to buy or rent a property in France?

One of our readers sent us a link to a very interesting interactive page on a non French website that allows you to adjust numerous items to help you answer this question.

Note the tool is not in French but in English so that is why we are sharing it. There are versions in French that exist but they are a bit complicated for those of us who don’t know French so well.

Caution: we are not economists and we have not verified if all the calculations on the site in English even after adjustment will give you an exact answer but it is an interesting tool to get you to think about all the costs involved.

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Posted on

New Study Reveals Eight Fold Pricing Difference in France

A new study by Orpi the French real estate network illustrates that the prices in France for the same type of property can be up to 8 times greater in a different part of France.

Based on the prices of properties sold throughout the Orpi network since the beginning of 2014 huge differences exist. Paris has an average property price of 8665 euros square meter price compared to Calais at 1186 euros per square meter.

Bernard Cadeau, president of Orpi network, stated in the reports (we translate) “the highest sale prices are on the French Riviera and in cities with strong economic activity like Toulouse and Lyon.”

The largest price drop has been in Bretagne. (Brittany).

Original article in French here

Below you can get your free introduction ebook about French real estate mistakes to avoid

Get your FREE copy today

Request below via the sign up form. Just scroll down, add your email and click Subscribe

This request also entitles you to our biweekly ezine and you can unsubscribe anytime.

Videos/Free eGuide 10 Mistakes Made by French Property Buyers and Sellers

* indicates required



Note: Details on our 110 Tip electronic French real estate buyer’s guide plus checklists is here.

Proudly powered by WordPress