French Mortgage Rates Continue to Go Down January 2015

If you want to invest in French real estate and you have an excellent file you can take advantage of the new even lower French mortgage rates.

According to the latest report from the Observatoire Crédit Logement there has been a further decline in rates during the month of January 2015. On the average the base lending rate excluding insurance and other costs is now 2.29 percent.

If you would like to find out how you can take advantage of the low rates for a purchase or re-mortgaging of a French property we can put you in touch with an English speaking French mortgage broker. Just contact us here.

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

French Property Sales Continue to Take Longer

The time to sell a French property is taking longer and longer according to a new article in Explorimmo. In 2011 it took on average 78 days, in 2013 it took on average 90 days and in 2014 it took on average 95 days.

These are averages so the amount of time may be different in the area you have your French property.

Read the full 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.

House Prices Fell in Most Parts of France in 2014

According to Property Wire, the price of houses in regional France continued to fall in 2014. However, there are considerable variations in the information received.

The French national association of French estate agents FNAIM says that house prices fell by an average of 1.5% in 2014, but with significant variations across the country.

Prices fell, most notably by 5.3% in Nord pas de Calais, by 5.1% in Limousin, by 4.9% in Upper Normandy, by 4.8% in Franche Comte, and by 4.3% in Champagne Ardennes.

In contrast, Picardy led the way with price rises of 3.5%, Lower Normandy saw prices rise by 1.2%, Poitou-Charentes by 1%, Languedoc-Roussillon by 0.9%, Auvergne by 0.8% and Brittany by 0.4%.
Read the full article in Property Wire here

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

French Real Estate for under 100 000 Euros

If you want to buy French real estate for less than 100 000 Euros below is a selection of three properties: (2014)

Note: prices and availability are current as of date of publication, however, they can change.

One

For Sale A Mini Chalet for French Winter Vacation 95 000 Euros

There is a 45 sqm mini Chalet for sale in Ustou, France (click for map) This chalet is apparently only 150 m to local shops and has two upstairs bedrooms to accommodate your needs. The chalet is said to be in very good condition. Check out the pictures on a French real estate site here

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Two

Ten Room Hostel For Sale for 64 900 Euros

In need of complete restoration and located in Vayrac  (click for map) is this 8 bedroom, 200 sqm hotel. Check out the pictures on a French real estate site here

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Three

A small French Farm for Sale for 90 000 Euros

850 sqm of land with a house of 100 sqm offering 2 bedroom, a bathroom, separate toilet located in Plancher-Bas (click for map). According to the listing agency the roof is new. Check out the pictures on a French real estate agency site here

Perhaps, you have different desires and a different budget. If you would like to chat with an English speaking French real estate agent in France to see if you can realize your dream just contact us and let us know the area you want to learn about.  Here is how we can help you

What is a lavabo or lave mains in a French real estate ad?

A lavabo or lave mains in a French real estate ad is most likely referring to the little sink you will find in the WC or toilet room in a French apartment or house.  Not all WC or toilet rooms in French properties contain a lavabo or lave mains so it is a nice feature to see advertised and present in the property you buy.

If you are curious the word ‘robinet’ refers to the tap on the lavobo or lave mains.

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