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Visit the city of Toulon with Google
Now it is possible to walk through the streets of Toulon via Google Street View.
From your computer screen, get a Toulon online view! Indeed, you can see all the streets of the capital of the Var region, its shops, inhabitants … it is unbelievable.
As a housing purchase is a decision that must be worth considering, some developers are getting involved in rent-to-buy schemes to sell more easily their housings. But how works such an agreement?
It’s easy to understand: the rent-to-buy schemes simply give you the opportunity to “try” the housing by renting it during a given period of time, with the possibility to buy it if you are convinced! In other words, you can buy the house in which you’re living in on any date from the moment you began to rent it. Generally, this period is inclusive of six months to three years from the date you began to rent the housing. You also have the option to buy it after a period of time that is fixed since the beginning of the rental. But at the end of this period of time, it’s for you to decide, you’re free to say yes or no; indeed, you have not the obligation to buy the housing at the end of the agreed period.
In this blog, we aim at giving you informations about living on the French Riviera and also some tips if you want to invest in the French Riviera real estate. We set up a company one year ago, which works on events and real estate in this area. Obvioulsy during this year, the real estate all over the world has been modificated. At Events & Home consulting, we are convinced that this new priod will be perfect for the buyers and we are on the buyers’ side !
So, don’t be frustrated. In a few months, Events & Home consulting will give you concrete informations to invest in the French Riviera real estate. Currently, prices begin to go down and more and more properties are saleable. Our role is not only to give you details on this market but also to help you with French banks and administration. In our team, you can meet real estate experts, bank consultants, lawyers, notaries, architects, interior designers … Continue reading ‘Happy birthday Events & Home consulting’
According to the French newspaper Nice Matin, it is a good time to invest in the real estate on the French Riviera (you can read the article here).A strange advice considering the current situation! Nice Matin invokes four “good” reasons to justify its comments. First of all, the prices’ fall: 10% on average, according to the newspaper. Secondly, the better accessibility to the mortgage; indeed, Nice Matin denies the fact that the bank don’t lend any more. Furthermore, the rate would have lowered, going down from 5,40% to 4,60%. Thirdly, significant fiscal advantages: the newspaper invokes a grant that is paid by the council of the Alpes-Maritimes, and that can reach 4000 euros if the price of the housing doesn’t exceed 150000. Combined with the zero interest loan and the deductibility of the loan interests, it’s, for the French newspaper, “extremely incentive”. And lastly, to encourage you investing in the real estate on the French Riviera, Nice Matin mentions the grant for the housing improvement (if you want to make isolation works, for example.).
As all over the map, the real estate market on the French Riviera is going badly. Since September, the housing sales are decreasing and, of course, that brings the prices’ drop.
The transaction have been reducing a lot since five months (30% less in Nice or Cannes!), and the trend has been becoming more marked since the beginning of the year. According to the estate agent Jérôme Renaud “The situation is serious. The market is really going to change radically.”. He admits that he’s very worried about the future.
The price already dropped by 6% on average in the department, and the most affected by this prices and activities’ collapse seems to be Nice.
Continue reading ‘The real estate market on the French riviera : the crisis!’
Given the fact that the financial crisis is spreading worldwide, many investors are wondering if it’s time to invest in the French real estate market. Indeed prices on the French real estate market had been highly increasing since 2002. The growth was exponential in many areas : + 110% in some districts in Paris for instance. Although prices are still high in Paris, the French real estate market begins to change drastically. Indeed, in many regions, prices are falling. That’s why many investors are wondering what to do about French real estate market. Is that a good time to invest in the French real estate market ?
The answer is YES but WAIT ! As a property finder on the French Riviera, my job is to advise my clients to choose the right property at the right price. Given the fact that it’s just the beginning of the downward trend on the French real estate market, it’s better to wait until the end of the year. Anyway, some cities are already good opportunities to invest in. Marseille or Nice for instance are suffering from this downward trend on the French real estate market.
On the reverse, Monaco Antibes or Saint Jean Cap Ferrat are safe from the international crisis.
If you’re looking for sunny beaches, wonderful landscapes, great history and culture …French Riviera is definitely the ideal place to invest. Obviously you can find some other places in the world that offer you beautiful coastlines, good food and street markets for less money. Anyway, invest in French Riviera is safe !
French Riviera is one of the top tourist locations in the world. The economy is stable and there is no politics instability. Concerning properties, invest in French Riviera is very safe, given the rigorous buying process and protective legal system. Interest rates are still low compared to other countries even if they have been increasing since the end of 2007.
More over in some places in French Riviera, prices have been decreasing a little and locals are reluctant to invest in French Riviera or somewhere else in France. This is the good time for foreigners to invest in French Riviera, specially in big cities like Marseille, Nice or Antibes.
Buying a property is not an easy task to do in its own country ! There are many factors to take into account : the local prices, the neighbourhood, the evolution of the area…When you want to buy a property abroad, the task is much more harder. You need to find the right information about prices but also about the transport access to the property, the local legislation (see our post ) . Are you sure that there is no plan for a motorway construction close to your property? Where to find a good architect?
Moreover, you have to visit many properties and some French real estate agencies don’t feel confortable with English speaking. Some of my clients have decided to ask for a property finder when they felt fed up with visiting properties during all their holidays without success. Continue reading ‘Do you need a property finder to buy a house on the French Riviera ?’
