davidg Posted June 1, 2012 Share Posted June 1, 2012 (edited) Do you have any feedback from agents on the Geneva region? I can't see any sign of falls, if anything the contrary. My mate just had his not-very-special house in the nearby Pays de Gex valued at nearly 700k Euros. On the other hand a large 325m2 well-built house (classe C is rare in detached houses older than 3 years) with 3000 m2 land and nice pool about an hour and 10 minutes from here was offered to me for less than 400k. In the sticks though... I was in Poitiers helping a friend with some stuff but don't spend much time in agents. We toured around and visited a few places and went to a couple of French agents I know to ask about the market. "what market" said one guy? I've got 200 properties on my books and have sold one property this year - some English people in Usson who took an offer of 85K from the 135K asked, and the 135K was not unreasonable. He said that everyone had made out like bandits during the years the English were buying but now things were much worse than before they arrived en-masse. Many French buyers have left the area since the influx of Brits. I think everyone agrees that only some major change in sentiment will take the GVA area off the boil. There is the change to social security in 2014 we talked about and now some rumblings about Hollande taxing the frontaliers at full French rates. That could really shake things up across the border. If the Swissy Peg breaks we might see the Swiss economy in trouble, but is there any chance of that? Surely the SNB can keep printing CHF if people want to keep buying? Apparently they've done really well with the peg, offloading a lot of the EUR they bought at a profit. ps you know that some notaries also sell houses for estates they deal with? Edited June 1, 2012 by davidg Quote Link to comment Share on other sites More sharing options...
swissy_fit Posted June 1, 2012 Share Posted June 1, 2012 I think everyone agrees that only some major change in sentiment will take the GVA area off the boil. There is the change to social security in 2014 we talked about and now some rumblings about Hollande taxing the frontaliers at full French rates. That could really shake things up across the border. If the Swissy Peg breaks we might see the Swiss economy in trouble, but is there any chance of that? Surely the SNB can keep printing CHF if people want to keep buying? Apparently they've done really well with the peg, offloading a lot of the EUR they bought at a profit. I'm more concerned about the Euro area - if it breaks up I and many others will be out of work pronto, not even the Swiss economy can absorb something like that. I'm already seeing changes both at my work and at other companies caused by the strong franc. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 2, 2012 Share Posted June 2, 2012 http://www.lesechos.fr/investisseurs/actualites-boursieres/reuters-00446422-le-chomage-augmente-pour-le-12e-mois-consecutif-328547.php Les Echos 30/5 Le chomage augmente pour le 12e mois consecutif. Unemployment has increased for the 12h consecutive month. I just thought that i would post last Aprils unemployment figures for France that were published a few days ago. Class A or the full time out of work 2.888.800 Classes B,C,D etc or part-time workers ,temp and those on G'vt schemes but are still registered as unemployed 4.318.500 When DOM figures or overseas depts are aken into account. The total of unemployed in France and the DOM is 4.592.000 These are the highest figures that France has had since 1999. The employment minister also expects figures to continue to rise. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 3, 2012 Share Posted June 3, 2012 http://www.sudouest.fr/2012/06/01/so-british-le-duraquois-730513-3621.php sud ouest 1/6/12 south west So British le Duraquois. Quote Today for the Queens diamond jubilee. The streets of Duras will be coloured with flags in the colour of the union jack; We will able to see the Queens face everywhere. Its Rosalind Monk who imported all of these flags from her ex-homeland England. She has been living here for a long-time and has taken the french nationality. Property is cheaper here than in the Dordogne or the Gers. I 'fell in love' with Duras on a visit so i bought a ruin and renovated it with my husband. The English concentration that live here well lets face it its the 'Sheep Effect'. We are well placed near Bordeaux and Bergerac Airport. First of all it was the retired from London who came here followed by the Scots and the Welsh and Irish. Rosiland who opened her own estate agency in Duras twenty years ago says. Today due to the crisis things have slowed down but theres still a few coming over. Not the young who are not leaving England to settle down here. Its difficult to find old cheap ruins to renovate today. Theres lots of old beautiful renovated property for sale. But they are more expensive. In this type of immigration everybody wins. The English discover a countryside that has not existed in the UK since the 1950's. The French profit from there property investments. IMHO Duras is 64 kms from Bordeaux not exactly next door. Theres 38 houses for sale there for a pop of 1200. The population is also ageing highest age group the 60 to 75 year olds What would a young english couple with children do to earn a living in Duras ? Quote Link to comment Share on other sites More sharing options...
Peter Hun Posted June 3, 2012 Share Posted June 3, 2012 New septic tank (watch out if you buy a property not on main drains the septic tanks have to come up to EU standards now and it is around 10K for a new one). Won't the EU/Governmnet help with that? I know my parent-in-law got one installed (nothing there before..) and they only had to pay half, so it cost £2500. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 3, 2012 Share Posted June 3, 2012 http://www.sudouest.fr/2012/06/03/la-chaine-itv-vient-filmer-les-anglais-d-ici-732562-4631.php Perigord la chaine ITV vient filmer les Anglais d'ici. Perigord The Tv channel ITV have just filmed the English here. South west 3/6/12 Quote Two tv reporters from ITV have justed filmed the English here. They stayed this weekend in Abjat-sur-Bandiat where a hundred subjects of her majesty the Queen live out of a population of 666. Was it by chance that Verma and Michaela spent the weekend in a lost village in the green Perigord? The two reporters work for ITV. They came to make a film about the daily life of Stewart Edwards an Englishman who came to live here in 1989. The show called 'Little England' is about the English that are living in the Dordogne. They celebrated the Queens Diamond Jubilee and the local village annual party at the same date. With 'fairy cakes' and tea or coffee. Prepared by Edwards wife Susan and Debbie bateman. IMO Edwards changed the date of the french annual village party to coincide with the jubilee it was he who organized this it says so on the link. This was not a coincidence he invited ITV to the party he did this so when the show 'Little Englander' is shown next Autumn in the UK . Viewers will see a big party being held in what the french journalist describes as a lost village. BTW He is also famous for bringing the national sport of conkers to the Dordogne. Quote Link to comment Share on other sites More sharing options...
davidg Posted June 4, 2012 Share Posted June 4, 2012 (edited) Won't the EU/Governmnet help with that? I know my parent-in-law got one installed (nothing there before..) and they only had to pay half, so it cost £2500. TVA (VAT) is 5.5% on the installation. You may get a grant from the ANAH but it depends on a number of criteria (which I don't know). http://www.anah.fr/ but it seems you have to be poor. Edited June 4, 2012 by davidg Quote Link to comment Share on other sites More sharing options...
davidg Posted June 4, 2012 Share Posted June 4, 2012 (edited) Buying near a listed building or potential listed building? Watch out! http://videos.tf1.fr/jt-we/les-architectes-des-batiments-de-france-gardiens-du-patrimoine-7333150.html TF1 news had an interesting article about villages falling into ruin because they were within a 500 meter radius of a listed building. There are thousands of them in France and some are little more than ruins. The problem is, in order to make any exterior changes to your house you need the agreement of the Government Architects and they can be very picky. No PVC double glazing, no repainting of shutters etc. As a consequence many people just give up maintaining their properties and let them fall into ruin. There are around 300-400 buildings getting listed annually. Edited June 4, 2012 by davidg Quote Link to comment Share on other sites More sharing options...
redwine Posted June 5, 2012 Share Posted June 5, 2012 TVA (VAT) is 5.5% on the installation. You may get a grant from the ANAH but it depends on a number of criteria (which I don't know). http://www.anah.fr/ but it seems you have to be poor. The VAT is today at 7% and has been since the 1st of January 2012. Last year it was at 5.5% but was increased during the last budget. As for the criterias of getting a grant from the ANAH. Well it says so on the link that you posted!! You can't miss them Well seeing as you posted the link i will let you explain the grant conditions to all of us. BTW The real aim of the ANAH has very little to do with septic tanks but something else. As for the poster who is asking about grants for septic tanks well there is another forum which has a section about plumming and septic tanks. You will also by magic discover the same answer. Not forgetting the same posters who tend to pop up on certain threads on hpc. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 12, 2012 Share Posted June 12, 2012 http://www.lamanchelibre.fr/depeche-35575-immobilier-baisse-des-prix-a-cherbourg.html Seeing as we are all still waiting for the OP to explain the conditions on how to recieve a grant from the ANAH for a septic tank. TBH the link is just simple everyday french and its not as if its written in 18th century french is it. Time for some news. Manche Libre Normandy 17/5/12 Immobilier baisse des prix à Cherbourg. Property Price falls in Normandy. Quote Every year the 91 notarys of the dept Basse Normandie publish there report on the state of the property market in Low Normandy. This year its Marc Legrand notary in Cherbourg who will tell us about the prices and trends in the region. He said "The market is blocking and prices are falling". The year started well with 'tax-advantage' property being sold but since march there has been an important fall in transactions by 12%. Prices The price of houses have fallen on average by 4 to 10%. In one year the average price of flats have fallen by -4,7%. The average price of a house in Cherbourg is 160,200 euros. On the west coast a 150,200 euros. The rest of the dept a 136,400 euros. Buyers Today the investors tend to stay away from Cherbourg due to the high local taxes. 74% of buyers are local a record in the region. Worth noting an important fall of buyers from Paris. They acounted for 23% of sales in 2001 today only 11%. The british in 2004 made up to13% of sales today 1%. The fashion of the 'british reidences secondaires' is over. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 21, 2012 Share Posted June 21, 2012 How about a love-story in the French alps but when the bride is an estate agent well your asking for trouble! Le figaro 9/9/11 L'étrange disparition du marié de Serre Chevalier The strange disappearance of the groom from Serre Chevalier Quote A retired farmer owner of much sought after land at the foot of the ski-station of Serre Chevalier has vanished since his wedding with an estate agent from Paris Its a "love in the meadow" that has turned into a drama http://www.ledauphine.com/hautes-alpes/2012/06/09/je-suis-malheureux-je-me-morfonds-toute-la-journee Le dauphine.com Haute alpes 10/6/12 Just an update about Marcel and Sandrine. Marcel Amphoux "Sans nouvelles de ma femme" Marcel Amphoux "Without any news from my wife" Quote Ten months after his wedding Marcel says that he is unhappy and hasn't heard anything from his wife. Marcel is not a talker far from that but today his life has become troubled and he will now speak. Since his highly contested wedding with Sandrine that made national news headlines. Its today with his sore red eyes due to his stress he is a man that just can't take anymore. His stress is more like a call for help. For a start i haven't heard anything from my wife for a long-time. Not forgetting the tragic accident of my best friend André who died in a tractor accident. It was André who fought against the friends of my wife. I no longer know what to do. I am lost and my wife no longer bothers to contact me. Today its a question of a divorce but in a legal sense i really don't know what to do or even where i stand. I am scared of losing everything. Rather than getting a divorce i am thinking of commiting suicide. I will just kill myself and then everything will be finished. Marcel and Sandrine are famous in France She was invited onto a tv chat show to explain her reasons for marrying Marcel She even recored a cd called 'Marcel i love you' Sandrine also ordered a court to expulse the squatters from a few of his houses he owns five. She called him her 'beloved cave-man'.Due to the fact that he has no electricity or running water she sent him a mobile phone. She will inherit his property and land which is said to be worth over a million euros .He was single without any children. They never lived together 700 kms apart she in Paris he in the Alpes. A french love story but a one that french connexion will surely copy just like they did the last time. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 21, 2012 Share Posted June 21, 2012 You can watch Sandrine on France 2 last month. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 23, 2012 Share Posted June 23, 2012 http://www.lesechos.fr/patrimoine/immobilier/actu/0202125030502-la-creuse-des-prix-en-baisse-336597.php Les Echos 22/6/12. La Creuse des prix en baisse. The Creuse prices are falling. Quote In the Creuse the town of Bourganeuf is not a Parisien strong-hold but an English one. The success of the Creuse is due to its beautiful well built buildings says Chantal Ravel a local EA. Prices are very reasonable you can find small houses that you can live in but need some renovation work doing for 35,000 to 40,000 euros. However this does not worry the british who are always ready to renovate old farms and houses. Prices have fallen alot over the last 3 years some of them have lost 50% of there value since the crisis. Today prices are more or less stable. We worked well last year but since the elections its dead calm. Sales have fallen but theres still some buyers around and they are the English. The local shops and supermarkets and building firms do not complain afterall they bring back life to these old but pretty buildings. I have just signed a house exchange with two brits. One of them is very old and has been living here for the last 17 years who wants to go back to the UK to be near her two children. The other one wants to come and live here not only did they exchange there houses but also there cars. IMHO Why don't the french want them because the Creuse is dead its 'rural death' a dead end dept or county if you like. There is alot of property for sale and lots of 'dead property' for that matter. There is no local french market so thats why they talk about the english and the reason why these old and pretty but deserted villages and hamlets are up for sale is due to the simple fact that the young have left a long-time ago. Quote Link to comment Share on other sites More sharing options...
redwine Posted June 26, 2012 Share Posted June 26, 2012 http://immobilier-revelateur-de-la-nature-humaine.over-blog.com/ Ninon Ingrid and her sad life of an estate agent 23/6/12 Le marché immobilier est en train de se retourner comme une crepe. The property market is now turning over like a pancake. Quote Hows business? You are burning to find out. I reply "average " but lets be more precise. Since the end of April 2012 the market is not doing very well. Yet the beginning at the beginning of 2012 sales started off very well. The first 3 months in terms of sales represented the double when compared to a normal winter period for Jan,Feb,Mar. Looking back the first three months of this year was more like a giant- feast before a food- shortage. Mid-April a brutal change the number of visits on line slowed down as well as the telephone calls. The vendors started to panic they only telephoned us to ask why there was such a slow down. All of the EAs in France said the same thing .Its due to the elections and business will be back to normal after the 6th of May. Monday the 7th of May. The EAs check there mail's nothing. The telephone sems to have gone dead and no visits. The month of May goes by without any improvement. Yet interest rates are at an all time low 3% for a 10 year loan. Its useless to deny the reality the market is bad. After 10 years of price increases today the market is blocked. A crowd will always react like 'one man' and this time he has no confidence in the future. The daily media reports about the debt crisis the euro-zone problems. High unemployement figures and the future job-losses. The election of Francois Hollande does not seem to have brought much hope. Many rich owners want to leave France for London or Florida and some want to retire in Morroco. My telephone only rings for property that is now being put up for sale. The envy to buy property still exists but the 'fear of today' is now stronger and future buyers have decided to 'wait and see'. The 'Sold Signs' don't always tell the truth. Its funny to recently notice the 'Sold Signs' that are multi-colored just like flowers that seem to be growing everywhere. This is a business stategy by national agencies who are advertising themselves. They contact owners who bought with thema long-time ago.Then they offer them a bottle of champagne if they will put a 'Sold Sign' outside of there property for 3 months. Believe me this works but it also sends the vendors mad when they telephone me to ask why there property has not been sold. After repeating the same thing 10 times over . I finally send them a letter which explains the current economic situation and with a Friggit chart that shows future price falls. In this month of June my telephone no longer rings. The vendors now believe that i spend my days putting on nail varnish on my toes and fingers. Since they have recieved my letter they are in a state of shock which has turned into a deep coma. At last i have found peace. They are scared to telephone me in case i tell them to drop there prices. Conclusion. I believe that prices will fall by -5% in 2012. Another -10 to -15% in 2013. Making by 2014 a total fall of -30% to -35%. Property in France will never rise again to the 1999/2000 levels. Quote Link to comment Share on other sites More sharing options...
redwine Posted July 5, 2012 Share Posted July 5, 2012 http://www.telegraph.co.uk/finance/personalfinance/offshorefinance/9377307/Francois-Hollande-announces-French-tax-grab-on-holiday-homes.html# The Telegraph 4/7/12 Francois Hollande announces French tax grab on holiday homes. British owners of holiday homes in France are to be hit with punitive tax rises under plans announced by the new Socialist government. I thought that i would give the telegraph link seeing as we have already the daily mail link on the main forum. With over 2,000 readers comments as well. Not a bad article the figures that are given for the 60,000 rented properties are actually French ex pats who live abroad who own and rent out there property in France. Which the journalist did not mention also the way in which taxes are increased in France is by adding on in the case of overseas landlords two taxes that already exist the CSG and the RDS that in all truth they did not pay before. Quote Link to comment Share on other sites More sharing options...
fjcruiser Posted July 5, 2012 Share Posted July 5, 2012 Although any new tax is always unpleasant to digest, property taxes in France are way below the UK and will still be way below after this French new tax.I don't think it will affect the foreign property market in France as people's motivation to buy in France is rarely tax related.No sensible decision ca ever be based simply on taxation as taxes do change all the time. Quote Link to comment Share on other sites More sharing options...
redwine Posted July 6, 2012 Share Posted July 6, 2012 http://www.lefigaro.fr/impots/2012/07/05/05003-20120705ARTFIG00541-hausses-d-impots-les-anglais-de-france-peu-inquiets.php le figaro 5/7/12 Les Anglais en France peu inquiets d'une possible taxe. The English in France are hardly worried about a possible new tax. Quote Amongst the newly proposed increases in taxes made by the g'vt for 2012 theres a new tax that targets those who do not live in France at least from a fiscal point of view. This is notably the case of many British who live part of the year in France and pay there taxes in the UK These non-residents will pay "social taxes" on there income that they recieve from there rents and CGT on the sale of these same properties. They already pay tax on rented property and CGT when they sell but not the "social taxes". Jean -Claude Cassac manager of an estate agency in the Perigord where a vast majority of the british are says that this new tax is "catastrophique". The fall of the pound has already badly damaged the Dordogne property market. With this new tax its is if the g'vt wants to finish it off. All of the staff at a franco-british agency in Eymet are worried. These new taxes will slow down activity. I have already talked to our clients who are trying to sell and they are scared. Today they are selling at low prices so that they don't pay much CGT. The english who were interviewed by le figaro don't seem to be to worried about the new taxes. John Smith head of a company in London and owner of a house in the Lot said. "If you have to pay then i will pay" with his british phlegmatic way. John Jill owner of a house in a hamlet in the Gironde is not worried. The crisis cash problems exist everywhere in the world. In the UK the tills are empty i would rather pay more and keep my haven of peace in the country. If taxes become far to expensive on holiday homes then i will make it my main home. IMHO Despite the title of this article which i believe is misleading everybody seems to be sh*t scared. Quote Link to comment Share on other sites More sharing options...
redwine Posted July 13, 2012 Share Posted July 13, 2012 (edited) http://www.lamontagne.fr/auvergne/actualite/2012/07/05/logement-sociaux-dans-l-allier-on-cherche-les-locataires-1213364.html La Montagne 5/7/12 Auvergne Montlucon. Logements sociaux dans l' Allier on cherche les locataires... Social housing in the Allier we are looking for tenants. Quote The PM wants to build a 150,000 council houses a year but in the Allier the landlords are trying there best to find tenants. In Montlucon the property market is 'relaxed' or dead. This also applies to the social homes. There are actually 2,800 empty private houses for rent and 413 council houses. This situation is expensive afterall you have to heat them during the winter. Due to the new laws for councils will that have to build 20% new council homes then the property market will simply sink . Dominique Bidet (French Communist Party) and vice-chairman of Allier homes. Says that he is satisfied with the G'vts new interest in social housing but he also says that the Allier is not Paris. In Paris there is a high demand for social housing but not in the Allier. Out of 4,700 social houses in the Allier for rent 7.5% are empty. There are nearly 5,000 properties for sale in the Allier just do your sums so in montlucon 2800 + 413= 3213 Total regional 352 empty A total of 3565 empty homes for rent Not forgetting nearly 5,000 private properties for sale. This goes to show that due to tax reductions how a lost rural county like the Allier ends up being invaded with property that nobody wants. Edited July 13, 2012 by redwine Quote Link to comment Share on other sites More sharing options...
redwine Posted July 15, 2012 Share Posted July 15, 2012 Article 25 Article 25 is the title or section that has been given in the g'vts new finance law.Article 25 concerns the new taxes for non-residents meaning those who own property and do not declare there taxes in France eg 'holiday home'. Also those who own and rent-out there property but again are non-residents for tax purposes eg 'an overseas landlord'. The new law concerns these two types of foreign owners including the french ex pats. There will be new increases in capital gains tax and new social taxes as well including the landlords. So when will these new tax increases become law? Actually the finance bill will normally be discussed in parliament tomorrow morning the 16/7/12. Then a week later on Monday the 24/7/12 the finance bill will be passed on to the french senat or cabinet for a final 'rubber stamp'. I can't see article 25 being rejected seeing as there is a small socialist majority in parliament but they can always rely on the allies the green party and the GDR or french communist party. So who can stop these new taxes on non-residents ? Well for a start its not the 'european court of human rights for holiday home owners and landlords ' who don't want to pay the same taxes that the native population pay. Its the 'conseil constitutional ' that might censure the bill. When will the new taxes become law ? On the date that the 'official journal' is published probaby in the middle of august lets say the 15th as of this date the new CGT increases become law. As for the landlords well the new increased taxes will take effect from the 1/1/12. To be declared on there tax return for the tax year 2012 which you normally will recieve in April 2013. IMHO I don't believe that these increased new taxes will really change anything . For a start it normally takes up to 5 years to sell property in rural France if ever. As the english in the figaro said that they are prepared to pay so that they can live the dream in there french house and start a new french way of life. Having said that they only seem to talk about taxes and exchange rates Quote Link to comment Share on other sites More sharing options...
redwine Posted July 20, 2012 Share Posted July 20, 2012 http://www.lemonde.fr/politique/article/2012/07/20/les-chiffres-du-budget-rectificatif_1736266_823448.html Le Monde today seeing as the new finace law was passed today at dawn. There is a list that is given with the main new g'vts tax laws. Well the new social taxes on overseas owners or non residents was voted . You can check out the link Look for "prelevements sociaux sur les revenus immobilier des non residents. A short translation social take offs of property income for non tax residents. Now its off to the cabinet for the final stamp of approval. CGT has already been increased going from 32,5% to 34,5% from the 1/7/12. Having said that the new increase has nothing to do with the G'vts new finance bill this seems to be an automatic increase. As usual its the notaries that will collect the new increases . Meaning that if you sell after the 1/7/12 you will pay new increased CGT. Its the new increased 'social taxes' that may or not be applied to the non residents that still seems to be confusing for the moment. Anyway lets see what the cabinet has to say next week. Also our housing minister 'Cecile' said something that might be taken as good news for non residents in her speech the other day in parliament. The probem with Cecile is that nobody listens to anything that she has to say.She is more famous for wearing 'blue jeans' and her 'blue dress' that she wore the other day in parliament. I will try to look for the link instead of looking at her 'blue dress'. Its how she looks that counts not what she says. Quote Link to comment Share on other sites More sharing options...
redwine Posted July 23, 2012 Share Posted July 23, 2012 http://www.letelegramme.com/ig/generales/france-monde/france/encadrement-des-loyers-le-decret-est-paru-au-journal-officiel-21-07-2012-1782473.php Le telegramme 21/7/12 Encadrement des loyers le decret est paru au journal officiel Rent controls the decret or act has been published in the journal official. Just an up date on the new law for private landlords well the new law was published on the 21/7/12 in the official journal. To take effect from the 1/8/12. The new law that concerns nearly 40 cities means that private landlords will no longer be able to charge what they like to new tenants who rent there property. Such as the ex-tenant paid 800 euros a month and after they leave the new tenants pays 830 euros. The conseil d' etat or constitutional have given there go ahead so theres no going back. A rent index will be created to stop the greedy landlords charging what suits them. The main cities that are concerned are Paris Lyon Grenoble Nice Marseille Montpellier Closer to home my region Annecy and Annemasse. BTW this has nothing has nothing to do with the new taxes on overseas landlords who will also have to pay social taxes as well. The CGT increase from the 1/7/12 (see my last post) is just a yearly increase eg the smic was also increased on the same date. Again expect to see new tax increases for overseas property owners soon. Quote Link to comment Share on other sites More sharing options...
felix Posted July 25, 2012 Share Posted July 25, 2012 Just an up date on the new law for private landlords well the new law was published on the 21/7/12 in the official journal. To take effect from the 1/8/12. What effect will it have on houseprices? They may drop, as BTL becomes less interesting, but on the other hand tenants are now forced to buy, so that in effect may make prices increase. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted July 25, 2012 Share Posted July 25, 2012 What effect will it have on houseprices? They may drop, as BTL becomes less interesting, but on the other hand tenants are now forced to buy, so that in effect may make prices increase. Why are tenants forced to buy? Quote Link to comment Share on other sites More sharing options...
redwine Posted July 25, 2012 Share Posted July 25, 2012 http://www.simpatico-group.com/ Without posting lots of newspaper articles. I thought it would be best to post the link . Anybody game for winning a villa in the SOF for 10 euros. At first i thought that it was a con but it does not seem to be a rip-off. This is not a lottery but a trombola and a young 23 year old waitress won a 110M2 villa with a swimming pool last month in Istres in the Bouche- du- Rhone. A company called simpatico have bought 6 properties villas and flats. You buy a 10 euro ticket limited to 5 a month. Once the amount or the value of the property has been reached then the winners ticket will be drawn. If you look at the link theres 5 properties that are left. This could take a few months seeing as the properties are over-valued IMHO. The reason why they are doing this apart from there % is simple. Today the vendors are having a hard time trying to sell. Buyers can't get a mortage banks refuse 40% of mortage demands. Prices are to high.Not forgetting the current state of the economy. You can also ask for your cash back if you lose but only 6% out of the 25,000 who are trying to win have done this. To make this trombola work those who play do not ask for there cash back because it cannot work due to a french law that states a competition has to be free to enter. The waitress who won her villa paid 40 euros. The downside of this would be high taxe fonciere and taxe d'habitation and i wonder if the tax man might put his nose into this. Anway i will send them 10 euros you never know. Quote Link to comment Share on other sites More sharing options...
redwine Posted July 26, 2012 Share Posted July 26, 2012 http://www.lesechos.fr/investisseurs/actualites-boursieres/reuters-00446422-le-chomage-augmente-pour-le-12e-mois-consecutif-328547.php Les Echos 30/5 Le chomage augmente pour le 12e mois consecutif. Unemployment has increased for the 12h consecutive month. I just thought that i would post last Aprils unemployment figures for France that were published a few days ago. Class A or the full time out of work 2.888.800 Classes B,C,D etc or part-time workers ,temp and those on G'vt schemes but are still registered as unemployed 4.318.500 When DOM figures or overseas depts are aken into account. The total of unemployed in France and the DOM is 4.592.000 These are the highest figures that France has had since 1999. The employment minister also expects figures to continue to rise. Yesterdays unemployment figures for the month of June. Class A + 23,700 or a total of 2,945,800. Other classes B C etc. Making a total of 4,670,900 out of work in France. The 14th consecutive month . Quote Link to comment Share on other sites More sharing options...
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