What this American Realtor learned about French Real Estate:

While on holiday in Limoges, France, I had the opportunity to learn some interesting details about buying a home in France...
My french family's 3-story 18th Century home

Newly constructed home in urban area
  • One huge difference is that when you sell a house in France, you take everything inside the house that is not attached (including all the light fixtures). What remains are simply the electric cords hanging from the ceiling. The French believe that buyers have their own taste and style and therefore want to make their choices In all of the interior fixtures of the home .
  • Prices of newly constructed homes are increasing. More people want the ease of everything new and not worrying if something breaks down in the home. You can also get better interest rates when you build or buy a newly built home.
  • There are also those who really like the very old homes and chateaus, which of course are in need of a lot of restoration. The interest rates for purchasing these older homes will be higher.
  • As in the United States, it is all about location, location, location. For example, my French family have a charming three-story 18th century home  located in the country outside of Limoges. It's current value is around $400,000 U.S. Dollars. The same residence in Paris would be worth over $2 Mil U.S. Dollars.
  • Many of the younger generation are very urban and want to be able to walk everywhere. This trend is causing homes and apartments (condos) in urban areas to increase in value and all sorts of amenities to pop up within walking distance.
It is also interesting to note, that no matter where you live in France, everyone is busy sending "textos"(text messages) and everyone has "we-fee" ( wifi). I was able to post real-time updates from my trip to my YouTube channel. We indeed live in a connected world .

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