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What does the term Arrondissement mean in a French real estate ad?

In a French property ad the term Arrondissement means a district or quarter or borough, an area typically with an name attached to it.

For example, if you are looking for an apartment in a certain area of Paris once you know the district or ‘arrondissement’ you can look for this being advertised on websites and in the newspapers.

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

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What does appartement meublé à louer mean in a French real estate ad?

In a French property advertisement the term ‘appartement meublé à louer’ means a furnished apartment is for rent. Furnished is ‘meublé’ in French and for rent is ‘à louer’

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Credit Agricole Economist French Property 15 Percent Over Priced

According to an article in Le Figaro, Crédit agricole Economist Olivier Eluère states that prices have fallen in France slightly but he believes they are still overvalued by 15 percent at this moment (January 2014).

Mr Eluère believes that in 2014 the French real estate market will remain calm and he expects prices to fall by approximately 4 percent.

He also anticipates that French property mortgage rates will start to go up little by little in 2014.

Is it time for you to see if you can find an opportunity to buy in France before the mortgage rates go up?

Do you need to speak to an English speaking French mortgage broker? Contact us

Read original article in French here

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

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Who is buying property in France right now?

If you are curious about who is buying real estate right now in 2014 in France, according to Olivier Eluère, an economist with Crédit Agricole, the buyers in the current real estate market are second time buyers, people who have sold their principal residence and are buying another property.

Mr Eluère believes there are few first time buyers in the current French real estate market.

Original article in French here

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Paris Ile De France Real Estate Sales Increase

As a result of official sales the French notaries from Paris Ile-de-France delivered their statistics for sales in the last quarter of 2013. The numbers indicate that sales are up and prices are slightly down.

According to the article in Explorimmo, the French notaries shared that between September and November 2013 a total of 35,570 existing homes were sold.

This is a 21 percent increase in the number of French real estate sales compared to the same period in 2012.

According to the French notaries in the 3 month period of August to November 2013 prices declined 1.1% in Ile-de-France.

Is this the turnaround in the market that many buyers have been waiting for before re engaging? Maybe, one can never be sure as we sit on the sidelines.

Read the original article in French here

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

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