Welcometo France 10/28/
How to Purchase in France 2
Work with a professional 70% of transactions are realised with real estate professionals. Foreign clients do not master the specificities of our local laws and regulations. What is the real estate transaction process in France? A listing agreement A preliminary offer A purchase contract Transfer of deed at notary (closing agent) 3
The Notary (closing agent) As a French specificity, all sales, transactions, exchanges or donations concerning real property is subject to an official act established by a notary. The notary registers the sale in the public records. Prepares the final closing documents. Both the buyer and seller can be represented by their proper notary if they wish 4
Why Purchasein France 5
Why Purchase in France? The french lifestyle It s a secure investment A stable market Diversification of assets Qualityof construction Price increases of 12% in Paris Effect of Brexit?: 1 buyer out of 4 in Paris is British Hotspots: Paris, Provence, the French Riviera, Saint Tropez, the French Alpes 6
Who is Buying in France? 5
Who are the buyers for residential real estate? A few numbers (Observatoire BNP) UK: 32.69 % Belges (18,4 %) Suisses (8,1 %) Allemands (7 %) Italiens (5,5 %) Néerlandais (5,5 %) Américains (3 %) Suédois(2,7%) Espagnols(2%) Portugais (1,8 %). 61,339 acquisitions realised in 2017 by foreign buyers in France 17,486 sales, realised in France by foreign non residents Average transaction price is 303,000 euros In Greater Paris the Average transaction price is 577,000 euros. The top foreign investors in France are Americans 8
Who are the Buyers (by region) 9
AveragePricesPaid? 5
Average Prices Paid (by nationality) Lebanese 726,500 Norwegian 546,600 Chinese 523,000 Russian 502,300 American 452,400 11
Average Price / m² in France 5
Average Price/m² in Major Cities Cities Apartments Houses Paris 9300 9970 Nice 4103 4595 Lyon 4013 4280 Nantes 2923 3227 Marseille 2463 3240 13
Outlook for the coming years The confidance remaining high in 2016, France celibrated a record in 2017 more than 1 million properties changed hands steady increase in the number of transactions France is looking to attract the world s most prosperous A historic low in interest rates Steady increase in sales prices Economic growth and political stability. France remains a very attractive and convincive choice for investment and lifestyle 14
Focus on Greater Paris 15
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Focus on Grand Paris Greater Paris largest economic region Population 12.1 million residences (representing 19 % of the total population in France) 25% of business creation within France 18% of exports within France 30% of GDP 25% of hoteleries in France 56% of air traffic in Fance 17
Focus on Provence 18
Marseille Largest economic pole in France Largest port in France (5th in Europe) 4 million m² of commercial real estate The largest harbor/marina for in France The largest Export zone in France 2 nd largest freight Marseille the oldest city in France Marseille and the provence : the 2 nd biggest region of France Cross road : North Africa and southern Europe Marseille / Miami : twin towns since 2017 Marseille «Olympic demarseille» Franck MC COURT 19
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La Ciotat (Rebirth and Transformation) HISTORY Birthplace of Cinema Cinema Eden 1889 A Global Power in Yacht Repair Shipyard since the 16th century Now Transformed into the number one shipyard for refit and repair in the world. Capacity to host ships up to 200 meters Currently hosts 10% of worlds megayachts each year. Extraordinary Topography Highest Seafront cliff in continental Europe (390 meters) 21
Le World Property Business Club 5
Le World Property Business Club How the WPBC can be help you in business? Sharing our knowledge and experiences Encouraging exchange of information Facilite the professional interactions do more business together 23
Thankyouand Join World Property Business Club ELSA LEMONNIER +33 1 40 53 73 82 wpbc@fnaimgrandparis.com www.world properties.com World Property Business Club