property in France | Paris Renovation

English: Exchange rate Euro – Slovak koruna Deutsch: Wechselkurs Euro – Slowakische Krone (Photo credit: Wikipedia)

The Wall Street Journal article ‘American Real Estate Buyers Take Advantage of the Falling Euro’ gives us an insight to why now is time to buy in Europe.

Europe On Sale 25% Discount!: For Americans who have always dreamed of owning a second home overseas but have hesitated for one reason or another, the falling euro’s is a game changer. The dollar has strengthened 26% against the euro in less than a year. The last time the dollar was this trading this strong was in 2003.
Rejoice In Choice: President Hollande’s market reforms put a damper on a French housing trend that was rising at a time when many property markets around the world were struggling. This led to the housing glut we see today. “There are also more choices: Inventory of the highest-end apartments is way up”, said Mr. Kraft of Sotheby’s, “partly in response to new taxes on wealth and assets.”
A Perfect Storm – New prices, plus the exchange rates, are just starting to lure Americans back into a market they have avoided since the financial crisis. However, combine that with mortgage rates at an all time low worldwide and this truly is a torrential down pouring of opportunity for anyone who ever dreamed of buying property in France.

Our week in Paris has been truly memorable. Your apartment is truly fantastic. The welcome booklet recommendations were spot on. We will be sure to stay again when next we visit Paris. Jayden and Morgan.

http://www.parisgourmandapartments.com/

Français : La plaque de la rue Mouffetard à Paris (Photo credit: Wikipedia)

In the above link are two apartments we have renovated for two wonderful clients that we are glad to call our friends. They were very clear in their vision and expectations which made them a joy to work with and their apartments a pleasure to renovate.

If you have the desire to do something like this, buy property in France, renovate it and rent it out or or keep it as a vacation home, it is more than possible. It’s done all the time.

The reasons are many. One main attraction to property in Paris is it is seen as a good investment. The real estate industry here is tightly regulated. This makes predatory lending which was rampant in the United States and elsewhere absolutely impossible here.

You may think property in France is too expensive.

In coming posts we will show you how property just minutes away from Paris can be as much as 75 percent lower in price than the same square footage in town center.

Here is a video which reveals a secret about purchasing property in France that only insiders like us know. 😀