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The Candy GPS Report – Global Prime Sector Top Residential Enclaves includes French Riviera

If you are interested in French real estate you need to check out The Candy Report – The Global Prime Sector Top Residential Enclaves – this report ranks locations by global reach, real estate values, exclusivity and luxury tourism.

In the latest report featured by Savills there is an interesting table noting the top twenty real estate locations sought after by the most wealthiest people in the world.

Top Five Enclaves from the Candy GPS Report Autuum 2013

Rank one
French Riviera, France

Rank Two
Costa Smeralda, Italy

Rank Three
St Barts, St Barts

Rank Four
Aspen, USA

Rank Five
Monaco, Monaco

Go to the Savills article to read find out more about the report

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What does finitions mean in a French property ad?

Finitions is the French term used to talk about the level of finishing in a French property, it could be that the finishing is of higher than normal quality in the French apartment or house you are reading about.

For example, a property advertised with the level of finishing described as ‘haute de gamme’ in a French real estate advertisement means the finishing in the property is very high quality.

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What does droit de passage mean in a French property ad?

Droit de passage means right of way. When you see this in an advertisement or hear about it from an real estate agent or owner you need to ask for more explanations, for example, what they mean exactly by this ‘droit de passage’ and who has the right and for what reason.

It is also a good idea to speak with an English speaking French notary to help you get all the details you need to know about the ‘droit de passage’ since it will impact the value of your property.

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French Real Estate Loan Mortgage Rate Comparison 2008 and 2013

Many French property buyers do not see current mortgage interest rates as still low and attractive, yet they are, according to an article in Explorimmo. Rates can be seen clearly as attractive when you compare to 2008.

For example, in 2008 a 20 year fixed rate mortgage was over 5 percent, in January 2012 the same mortgage was at just over 4 percent and today (october 2013) the rate is just over 3.5 percent.

This translates into in to the possibility of buyers saving thousands of euros during the life of their mortgage when they buy now compared to last year when prices were higher and mortgage rates where higher.

Learn specific details about how much you can save on the cost of a French mortgage now compared to last year by contacting your personal banker.

If you would prefer to have a English speaking French  mortgage broker assist you contact us we can help you find one. Contact us here. 

The original article in French is here

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Cote D’Azur: The very wealthy prefer to buy real estate on the French Riviera

French Riviera real estate is the top choice for the very wealthy according to a report shared by the British Real Estate company Savills.

In the Candy Global Prime Sector Report the French Riviera is ‘top of the top’ for the luxury leisure market. The French Riviera is where the individuals with ultra high net worth are buying.

For the sunshine the French Riviera is forever popular. The types of properties sought after on the French Riviera are very private and sometimes have their own beach.

They say the most exclusive location at present is St Jean Cap Ferrat which is a peninsula of 282 acres with approximately 500 luxury homes. St Jean Cap Ferrat is located between Monaco and Nice.

The report notes buying overseas for high net worth individuals can have many potential complexities in terms of cultural differences in negotiation, legal and tax systems and financing.

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

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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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