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Hollande Unlikely to be Re-Elected - Paris Property Booms


The general consensus in France is that François Hollande will be replaced as President in the next elections in 2017 and the French property market has gained momentum as a result. Hollande's term has been blighted by a continuing popularity contest between him and former president Nicolas Sarkozy, having been described by some as the most unpopular president in modern French history. Foreign investors in French property are increasing in number, taking advantage of low property prices in the eternally-popular Parisian market . Hollande...

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Brits Top Buyers of French Property


A survey undertaken by French bank BNP Paribas shows that Britons bought more second homes in France during 2013 than any other nationality. The number of British purchasers rose by 5% during the year, with most purchases in the Loire, Charente and Limousin areas, rather than the more expensive regions of the Alps and the Côte d'Azur. In the prime area of Paris, Britons bought just 3% of the homes bought by foreigners, as interest from ultra-wealthy Russian and Chinese buyers picked up through the year. Average house prices for France are...

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Quelle Surprise!! Fun, Interesting Facts About France


French was the official language of England for over 300 years. It's the native language of 75 million people worldwide. French is the second most commonly taught foreign language, after English. It is the official language of the United Nations. English and French are the only languages taught in every country in the world. The word 'salut' means both 'hello' and 'goodbye'. At the time of the French Revolution, 75% of French citizens didn't speak French as a native language. There is a Victor Hugo street in every town in France....

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Candlelight Auctions 'de Rigueur' in 2014


Only the French could romanticise the mundane business of buying property at auction and they do it with panache by following the medieval tradition of using candles that allow buyers and sellers to consider their options until the candles burn out. Known as 'vente á la bougie' or sale by candle, French property auctions date back to a time when business was far more leisurely and are about as far away from the frenzy of auctions in other countries as is possible to get. Back in medieval times, there was no need to snap up lots before potentially...

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Weak Property Property Market Sends Buy Signals to Savvy Investors


The French property market has seen some peaks and troughs in prices since the financial crisis and it would seem that there is still some way to go before the bottom of the market is reached. Not only did prices decline in 2013 and into 2014 but transaction volume followed suit. When adjusted for inflation, average house prices dropped by 2.57% in the first three quarters of 2013. In Ile-de-France, the wealthiest and most populated region of France, the average apartment price dropped by 2.5% year-on-year to €5,510 per square meter by...

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Foreign Buyers Now Propping up the Market in France


Paris and London are well known as two of the most trendy cities in the world, but it now seems that the former is starting to mirror the latter in terms of a property market trend. French property has been in the doldrums ever since the financial worries that struck down the eurozone, but it is now the case that it is starting to see some of the same trends seen in London since 2008. In some areas of France, foreign buyers are completely propping up the sector, as they have been doing in London while the rest of the UK saw prices falling dramatically...

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Strong Pound And Low Prices Leading Brits to Look Towards France


British property investors are increasingly looking towards France for purchasing second homes as an investment, following a syncing of economic conditions that works in their favour. Recently, it had been reported that Spain overtook France as the number one destination overseas for British investors to purchase in. But according to France's English language newspaper The Connexion, this could be a reality that changes as the relative strength of the pound and the lowered prices for homes in France leads to more people looking to buy in the country....

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Winter Olympics to Boost French Ski Properties


The interest generated around snow sports by the upcoming Winter Olympics in Sochi could boost property prices thousands of miles away in France, according to new reports. The fact that winter sports are given centre stage this year in Russia will mean that more people want to get their hands on property in strong destinations, with the French Alps being one of the key areas for this over the coming year. "The Winter Olympics never fails to inspire people to hit the slopes. Having the event in Sochi is especially exciting for Russians,...

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Property in France Offers Access to Bargains


The market for property in France saw a relatively slow 2013, which could see investors pick themselves up a bargain that could greatly increase their capital gains in the next few years, a new study has revealed. While many of the bigger cities across the world saw prices increasingly quickly, despite the many attractions it has as a place to live, property valuations in France were far slower to react. This is not necessarily bad news though, as it offers the chance to enter the market at a low price and see prices return to health in the...

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Sales of Prime French Property Defying Economic Uncertainty


Despite the fact that the economy in France is still performing poorly and failing to expand with any real positivity, it has been claimed that the number of prime properties being sold is growing. According to the latest figures that have been released by Knight Frank as a part of its France Prime Residential Insight report . It said that sales figures are slowly starting to climb out of the doldrums, while the price of prime property in France is also no longer falling at the pace it once was. This comes in spite of a number of issues including...

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French Commercial Property Investment To Rise In 2014


The commercial property market in France is set to see a large increase in terms of investment across the next few months, the latest reports have stated. According to predictions, there will be two factors that will prove to be beneficial to the sector. On one hand, the fact that the economy is improving slowly all the time will have a positive impact, with more businesses looking to rent commercial premises - always an important issue for investors. On the other hand, the low yield on government debt is expected to remain low, which means that...

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Sales numbers increase despite property price falls in France


The average price of properties sold in France fell by almost two per cent throughout 2013, despite the fact there was an increase in the number of sales throughout the same period, a new report from Century 21 has revealed. It said that regional differences were prominent across the nation throughout the year, but that low interest rates meant that the number of sales was sustained for the majority of 2013. Average prices per square metre in the nation fell, according to the report, by 1.8 per cent in 2013. This followed a drop of 1.9 per cent...

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France 'to maintain property perk' says minister


A leading French minister has ruled out the changing of regulations in the country that would see an alteration in a popular property law. At current, the regulated home buyers savings account exempts individuals from income tax on interest earned for a period of up to 12 years, and budget minister Bernard Cazeneuve said it will remain in place for the foreseeable future. The Plan d'épargne logement (PEL) scheme is one designed to promote health in the property market by encouraging people to buy. Much like schemes operated in other nations...

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France popular with Brits


Anyone thinking of investing in property in France will no doubt be pleased to hear that it is becoming an increasingly popular country to move to.  When you consider investing in bricks and mortar it is important to know that you will be able to sell your flat or house on at some point in the future. The Rightmove Overseas survey states that France is the number one destination in terms of places Brits want to emigrate to, which suggests there will be plenty of potential buyers.  France managed to beat Spain into second place, which...

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Biarritz property values remain 'buoyant'


French property values are struggling to recover following the financial crisis but Biarritz is bucking the trend. According to Meilleurs-Agents.com, prices in and around the area remain buoyant, with professionals from Paris heading to the south in search of a lifestyle change, the Financial Times reported. Indeed, house prices in Biarritz have increased by an average of 12 per cent during the past five years. This is higher than the Pyrenees-Atlantiques regional average of four per cent. So why is Biarritz and its surrounding areas performing...

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Ski properties are hot commodities


Ski properties are proving to be great investments and are in high demand among wealthy investors worldwide. The latest Prime Ski Property Index from Knight Frank showed many are now competing for the assets, which are in relatively limited supply. However, with long-term capital growth increasing by 4.6 per cent in the 12 months to the end of June 2013, it's not hard to see why ski property is proving to be so attractive. After all, this growth rate means ski properties outperformed luxury homes in many cities and popular second home locations...

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New or off-plan French ski property is 'good investment'


Purchasing French property in a ski resort appears to be a savvy move for investors in the current climate, especially if it's new or off-plan. Director of Skiingproperty.com Julian Walker explained that the sector has remained one of the most buoyant in the overseas markets. Indeed, some resorts have even seen price rises, which is a rarity in much of Europe. Opting for new or off-plan real estate over resale stock also comes with the opportunity to benefit from capital appreciation, as units are generally sold at a discount. What's more, once...

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Trouble for French ski chalet market


Ski chalets are back in fashion but it seems the French property market isn't feeling the benefit of it. According to Jones Lang LaSalle , budget cuts, a negative growth outlook, downgraded credit ratings, high unemployment, increased wealth tax, proposed pension reform and proposals to increase corporation tax, have harmed vendor and buyer confidence. This has contributed to a 19 per cent decline in house sales in the country between March 2012 and March 2013. The second home market has particularly taken the hit and in the Savoy region of Courchevel,...

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Cote d'Azur top spot for luxury buyers


When it comes to prime French property, the Riviera has long been the top spot for investors and tourists alike. However, it seems the area isn't just the best France has to offer in the way of luxury, with new findings from Candy & Candy , Savills World Research and Deutsche Asset & Wealth Management revealing the Cote d'Azur is in fact the number one place in the world for luxury residences. Out of 60 international leisure hotspots, the region came out top based on global reach, real estate values, exclusivity and luxury tourism....

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Middle Eastern upheaval boosts Parisian property


The Parisian property market is cashing in as a result of upheaval in the Middle East. Luxury properties in the French capital are finding themselves the subject of much interest from well-heeled Arab investors who have been driven out of places like Syria and Egypt, AFP has reported. Real estate investors claim the Parisian market, which has struggled over recent years, is being helped significantly by this new investor pool. An example of this, according to the news portal, is the recent sale of a townhouse covering 28,000 square feet in the...

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