Month: October 2020

St Jean Cap Ferrat is an opulent commune that caters to international billionaires and refined travelers alike. Located on a peninsula, next to Beaulieu-sur-Mer in Southern France, noted to be the apex of the French Riviera’s “golden triangle”, St Jean Cap Ferrat’s warm climate and ravishing seascapes makes it a perfect location for a holiday. Picture yourself on the terrace of a well-appointed villa with azure skies above you and cerulean Blue Ocean beneath you. Breathe in the rich smells of the ocean as you gaze upon a pristine harbor dotted with the bright white of lavish yachts. Dine at five star restaurants by night, swim in warm Mediterranean waters by day.

Most of the Cap Ferrat’s villas are within walking distance of the marina and world renown restaurants where choosy guests dine on exotic dishes like skate with capers or estouffade de sanglier. Visitors spend their days relaxing on the beach or touring the beautiful bay by yacht. Every August St Jean Cap Ferrat hosts an opera festival, bringing in the elite from all over the world.

Visitors have a variety of ways to while away the time. They may visit the zoological park that houses over three hundred different animals that live in a semi-free environment, or wander the stretch of the pristine port. There is also the Villa Ile de France, the mansion built and decorated by the Baroness Béatrice Ephrussi de Rothschild, which is open to the public and is considered one of the most beautiful spaces in the world, housing more than 5000 works of art and seven gardens inspired by her travels around the world. Each garden contains a different “theme”, from Japanese to Florentine, these gorgeous and manicured representations include palm tree lined walk ways and tropical fragrances sure to take your breath away.

Cap Ferrat contains three public beaches, a port, numerous restaurants, parks, gardens, museums, and more. These villas often have private beaches and marina access, so that visitors to the region are often treated with more than they ever could have expected. When you stay at St Jean you are only 10 km from both Monaco and Nice, making day excursions easy and enjoyable.

If you like to live the life of the rich and famous and have the money to spare then a 12 bedroom chateau is the ideal holiday destination for you and your family. You should also not forget that Cap Ferrat is the priciest stretch of real estate in France.

Exotic villas can be bought or rented in St Jean through upscale estate agents that cater to the discerning clientele. Cap Ferrat’s Real Estate is usually marketed through agents who are used to dealing with multi-national, multi-lingual clientele. There are online portals available today that can provide detailed descriptions of luxury villas on their website, and if none of the villas, do not meet your needs, then their skilled real estate agents will work hard to find you just that chateau you’re looking for.

There are a few variations among the apartment marketplace withinside the UK and in France. The principal distinction being the dearth of device in a few French apartment assets. It is pretty regular to discover kitchens with only a sink and no units, nearly genuinely there may be no mild bulbs, by no means thoughts fittings. The quality kind of assets to lease is usually a assets that has been formerly been used as a gite, or for short-time period apartment discover a assets this is nevertheless a gite however rented out of the primary vacation season.

Adverts for apartment homes will regularly consist of an abbreviation along with T2 or T3, that is the usual manner of describing the variety of rooms with the exception of the kitchen and bathroom. It is a chunk perplexing as a T2 does now no longer imply there are bedrooms, however that there’s one bed room and a dwelling room.

You will discover advertisements in nearby newspapers and on noticeboards in shops. We might recommend which you lease via an agent as you’ve got got greater criminal safety this manner. Also a few assets proprietors do now no longer use an agent due to the fact the assets isn’t of a terrific wellknown or the lease is better than it have to be.

Estate retailers in France have a tendency to address apartment assets and sales, this is right in case you discover a residence to shop for however it isn’t in a liveable circumstance as you could discover the equal agent can discover you a apartment assets if required. In France the renter commonly will pay the retailers fee, that is typically identical to 1 month’s lease.

Because tenants are so properly included in France you’ll discover assets proprietors are very cautious approximately who they lease to, you’ll be anticipated to offer severa ensures. The files and ensures you’ll be requested to offer are just like the ones you’ll want if renting a assets withinside the UK. You will want evidence of income or evidence which you have sufficient cash to cowl the length of the apartment settlement. You may be anticipated to be incomes as a minimum 3 instances the month-to-month apartment amount. You can be requested for a guarantor in case you are operating on short-time period contracts, retired or self-hired. The self-hired may also be anticipated to expose their commercial enterprise money owed for the preceding year. If you do want to offer a guarantor they may additionally be anticipated to expose earnings of 3 instances the month-to-month apartment amount. You will should offer evidence of identity, commonly your passport and you may additionally want a French financial institution account.

The common settlement period for renting in France is 3 years, even though you could discover a few homes to be had on a monthly basis (those have a tendency to be gites outdoor top vacation periods). Signing a settlement for 3 years does now no longer imply you need to live for this period of time, you could depart at any time however commonly should supply 3 months note in writing.

As you circulate right into a apartment assets an in depth file of the circumstance of the assets is ready and signed through each parties. Make positive any current harm is referred to or you will be prone to pay for the harm whilst leaving. It is a great concept to take pictures of any harm.

Often lease will consist of expenses for cleansing and protection of communal areas, it is able to additionally consist of a few utilities along with water rates. You will want to be clean what’s and isn’t blanketed withinside the lease. You may be prone to pay the ‘taxe d’habitation, it’s far recommended to discover how plenty that is earlier than signing the settlement. You can get this facts from the mairie, it could range substantially from region to region.

In France the tenant is chargeable for residence coverage and for any harm to the assets. The landlord will anticipate evidence which you have taken out the vital coverage.

In addition to paying any retailers fee you’ll commonly be requested to pay among one and 3 months lease earlier as a deposit.

If you’re fluent in French and recognize the French machine then you definitely have to don’t have any hassle locating a assets to lease. If now no longer you’ll want the offerings of a translator or a domestic finder withinside the region you want to transport to.

The rental market in France has experienced significant fluctuations over the past three years, with a major downswing trend that appears to have no immediate ending in sight. Despite previous austerity measures and their subsequent easing by the Francois Hollande government, the 2012 figures reflect a continuing decline.

Rental Market Trends

The rental market is invariably connected to the housing market from which it derives its strength. Over the past 15 years, the housing market has seen significant fluctuations.

A housing boon occurred between 1997 and 2007 with prices surging to an astounding 150% (112.5% allowing for inflation), but it began to lose momentum in 2008. House prices dropped by 3.82% (-5.48 with inflation) and by a further 4.07% or (-4.41% adjusting for inflation) a year after in 2009. The following year in 2010, the market rallied with prices jumping by 7.5% (5.82%) but in 2011, the surge eased and prices rose by only 3.66% (1.19%), attributed to the Eurozone debt crisis.

Despite low prices, demand also declined in 2013 with house sales in Paris plunging by 44%. House sales at other main cities like Petite Couronne (-28%), Grande Couronne (-25%) and Ile-de-France (-31%), all witnessed major downturns in house sales. The number of built homes sold in the country fell by (11.9%) y-o-y to 709,000 units and construction of new homes also declined by 7.3% to 495,496 units in 2012. The telltale signs are that the French housing market is expected to remain weak beyond 2013.

Metropolitan France

In this part of France, house prices dropped by 1.63% in 2012 representing a y-o-y 3rd quarter decline. With inflation prices actually fell by -3.12% in the same period. In the 4th quarter, house prices declined by 1.27% (-1.51%) from the previous quarter.

For Paris, prices declined by 0.96% (-2.46%) y-o-y to an average of €8,270 per sq. meter in 2012. In the Petite Couronne area, apartment price fell by 0.5% y-o-y to a low €4.420 per sq. meter also in 2012. Apartment prices for the Grande Couronne remained an unchanged average of €3,130 per sq. meter in 2012.

Rental Yields

While commodity prices have escalated, rents have remained low, a contradiction in itself given the low price of floor space. Nevertheless, rent earnings have not copied commodity price increases. In central Paris, rental yields have remained around 3.5%, which is a typical figure in the area irrespective of apartment size.

Taxes and costs haven’t helped the situation one bit with tax on rental income for foreigners at 10.00% for an income of €1,500 per month. Capital gain tax also cuts into the pie at a high 19% for residents to an even higher tax of 33.33% for foreigners.

The global income of residents in France is taxed progressively at rates between 5.5% and 41%.