People seeking to buy a home in France can now get a Euro mortgage for French residential property with a variable rate of 1.95 per cent at up to 80 per cent loan-to-value from the overseas mortgage specialists, Conti.
The French property market, one of the most stable in Europe, accounts for the largest number of mortgage enquiries received at Conti.
Clare Nessling, operations director at Conti, said: “According to our records, this is the lowest rate we’ve offered for property in France. The country has become an increasingly attractive investment option, not least because of very low interest rates and easy access from the UK, but also due to the falling value of the euro and lower property prices, with many sellers dropping their prices to levels we’ve not seen for several years.”
Monday, July 5, 2010
Thursday, January 14, 2010
France Real Estate: Over Inflation In Market Reduced By Downturn
While France's real estate market has been insulated from the worst of the housing crash, the mood entering the New Year is subdued, as even prime property in the Alps have seen prices plunge. At the same time, as inflated values drop buyers are finding bargains, and the outlook is especially optimistic for the revitalized Marseille region, and for vacation property favorites Normandy and Brittany. See the following article from Property Wire for more on this.
France real estate
Nice, France
The French property market is bracing itself for a tough year ahead in 2010 but real estate experts do not expect a sudden recovery despite prices showing signs of stabilizing.
Although the global economic downturn has made the last 18 months hard for the real estate industry, France has benefited from not having an overpriced market and a system that is more cautious and less gung-ho in terms of lending.
It hasn’t seen the kind of boom and bust that has affected its neighbors in Spain and Britain.
France real estate
Nice, France
The French property market is bracing itself for a tough year ahead in 2010 but real estate experts do not expect a sudden recovery despite prices showing signs of stabilizing.
Although the global economic downturn has made the last 18 months hard for the real estate industry, France has benefited from not having an overpriced market and a system that is more cautious and less gung-ho in terms of lending.
It hasn’t seen the kind of boom and bust that has affected its neighbors in Spain and Britain.
Wednesday, January 13, 2010
The Painful Education of Real Estate Scion Rob Speyer
Rob Speyer showed little interest in his family's real estate business until his dad considered buying Manhattan's Rockefeller Center in 1995 for $1.2 billion. Intrigued by plans to revitalize the art deco complex, Speyer, then 26, left his job at the New York Daily News and joined Tishman Speyer, the firm his father founded with Robert Tishman in 1978. "I caught the bug," he says. "It was really hearing about that transaction that flipped the switch in my head and made me say: 'I want to learn this business.' "
Some 19 months after being named co-CEO with his dad, Rob Speyer is learning how to weather a commercial real estate rout. At least four big deals made by the firm as property prices peaked are unraveling. Stuyvesant Town and Peter Cooper Village, the Manhattan apartment complex that Tishman Speyer and BlackRock Realty bought for $5.4 billion in 2006, is on the verge of default and worth just $1.8 billion, according to credit rating company Fitch. "The overriding thing in real estate is timing," says Peter Hauspurg, chairman of Eastern Consolidated Properties, a real estate brokerage. "No matter how strong your skill sets are, if you buy at the wrong time, there's no way you can make it work out."
Some 19 months after being named co-CEO with his dad, Rob Speyer is learning how to weather a commercial real estate rout. At least four big deals made by the firm as property prices peaked are unraveling. Stuyvesant Town and Peter Cooper Village, the Manhattan apartment complex that Tishman Speyer and BlackRock Realty bought for $5.4 billion in 2006, is on the verge of default and worth just $1.8 billion, according to credit rating company Fitch. "The overriding thing in real estate is timing," says Peter Hauspurg, chairman of Eastern Consolidated Properties, a real estate brokerage. "No matter how strong your skill sets are, if you buy at the wrong time, there's no way you can make it work out."
Saturday, January 9, 2010
pbb Deutsche Pfandbriefbank provides €42,5m investment financing for Paris office building to Invesco Real Estate
Germany/France - pbb Deutsche Pfandbriefbank has provided a medium term € 42,5 million investment financing facility for the acquisition of an office building located 148 rue de l’Université in Paris, France.
Invesco Real Estate, acting as Asset and Investment Manager, completed the acquisition on behalf of a US discretionary Fund. This transaction was signed on 30 December 2009.
The 10,300 sq m prime Class A office building is located in the heart of 7th district, on the left bank of the river Seine, close to Quai d’Orsay and Les Invalides. The property was completed in 2003 and is partially let to tenants with strong covenants. The building has 1,600 sqm average storey area, and its letting outlook is strong.
Invesco Real Estate, acting as Asset and Investment Manager, completed the acquisition on behalf of a US discretionary Fund. This transaction was signed on 30 December 2009.
The 10,300 sq m prime Class A office building is located in the heart of 7th district, on the left bank of the river Seine, close to Quai d’Orsay and Les Invalides. The property was completed in 2003 and is partially let to tenants with strong covenants. The building has 1,600 sqm average storey area, and its letting outlook is strong.
Subscribe to:
Posts (Atom)
