France Travel

Posts Tagged ‘French Capital’

One of the top travel destinations in the world is without any doubt Paris. The French capital city is a mixture of culture, history, elegance and modern times. The city just has so much to offer its visitors and therefore it comes as absolutely no surprise that millions of tourists visit Paris each year. Eiffel Tower The Eiffel Tower is one of the most famous landmarks in the world. It was constructed for the 1889 World Fair and was designed by Gustave Eiffel. At that time it was the tallest building in the world. Please note that there are elevators which take visitors to the top of the Eiffel Tower and the first and second floors can be reached by stairs. Opening hours are daily from 09:30 until 23:00. Arc de Triomphe Another world famous Paris attraction is the Arc de Triomphe which is 45 meters in width and 50 meters in height. You can visit it daily from 09:30 until 23:00. Musee Rodin Rodin is one of the most famous French artists and became world famous for his magnificent sculptures. The Musee Rodin should definitely be on the list of places to visit for any serious art lover. This impressive museum is open Friday through Sunday from 13:00 until 18:00. Napoleon’s Tomb Napoleon is one of the most French leaders of all times. He passed away in exile on St. Helena Island in 1821 and in 1840 his body was returned to Paris. The Tomb was constructed not long afterwards as a memorial to Napoleon. Disneyland Euro Disney is the premier European theme park and attractions millions of visitors every year. If you are traveling to the French capital with your children then be sure to spend a day or two at the Disneyland theme park. Avenue des Champs-Élysees No visit to the French capital can be complete without a visit to the Avenue des Champs-Élysees. There are many excellent shops and restaurants located along this giant boulevard which is situated in the center of the city.

There are few countries that can accommodate a luxury lifestyle as well as France. From the world-renowned cuisine to the quality of the luxury hotels in France, it is a nation that understands the finer things in life.

If you want to travel in style on a holiday to France you’ll be spoilt for choice when it comes to selecting your accommodation. There are plenty of superb boutique hotels throughout the country, but if you are looking to stay in the most prestigious French luxury hotels, there are a few that stand out from the crowd…

Royal Resort Evian

Perfect for…a luxury retreat in the countryside

Most of the largest luxury hotels in France are concentrated in the cities, but if you long to combine five star grandeur with the relaxation of a rural retreat, the Royal Resort Evian is the perfect choice. Located at the foot of the French Alps and on the banks of Lake Geneva, it is set in its 47 acres of ground – few luxury hotels in France can boast of so enviable a location. Inside, it is a marvel of baroque architecture and hand-crafted wood furnishings. As soon as you walk through the front door, there’s no doubt that you are in one of the finest European hotels, and with 11 restaurants, a spa, casino, theatre and its own golf course, you’ll never lack luxury experiences to keep you entertained. And neither will the children as any one aged between three months and 16 are looked after and entertained on a Royal scale throughout the year.

Plaza Athenee

Perfect for…Living the high life in Paris

There are plenty of great luxury hotels in the French capital, but there are few that can match the Plaza Athenee for prestige, location, and quality of service. Located just off the prestigious Champs Elysees and close to the Eiffel Tower, the Plaza Athenee has played host to the rich and famous for almost a century since its opening in 1911. Amongst its many excellent rooms and suites, the Eiffel Penthouse Suite offers guests stunning views out across the city and the Royal Suite, with almost 5000 square feet of floor space, is one of most prestigious rooms in Paris.

The quality doesn’t stop at the rooms, however – the resident Chef, Alain Ducasse, is the country’s finest and most famous, and his three-Michelin star restaurant in the Plaza Athenee offers a fantastic gastronomic experience. Other facilities include a new spa, three other eateries and Le Bar du Plaza – one of the most chic nightspots in town. There may be smaller, more intimate hotels in Paris, but for prestige and grandeur, it is hard to beat the Plaza Athenee.

Carlton Intercontinental Cannes

Perfect for…socialising with the jet-set

Every year in May, Cannes becomes the centre of the film world as the Cannes Film Festival rewards the best films of the previous year. The Carlton Intercontinental Cannes is one of the few hotels that the stars choose to stay in, and the hotel has a long association with the film industry – the 1950’s Cary Grant’s classic “To Catch a Thief” was set and filmed in the hotel. This is simply one of the finest luxury hotels in France, offering an exclusive beach front location and private beach, a chic piano bar, and much more besides – if you want to feel like a movie star on your holiday in France, the Carlton Intercontinental is the place to stay.




By: Stephanie Clarke

The French Property Market

The French real estate market has been booming over the course of the past ten years. Indeed, since the birth of the European Union, a greater number of foreign nationals have taken to purchasing property within the country of France

When it comes to the sale of real estate in and across France, there are two primary areas in which the real property market has been hot. On the one hand, in major cities in France — particularly in the French capital of Paris — newly constructed residential properties have experience a brisk business and trade. A notable number of foreign nationals have taken to purchasing new residential properties in major cities such as Paris in the past five or six years.

In addition to the fast paced market in new residential properties in major French cities, older, larger residences in more rural regions are also in demand. Foreign nationals are making up a significant portion of the group of purchasers who are seeking out and purchasing these types of older, larger properties in rural areas in the country.

Investment Property in France

Like other nations comprising the European Union, France has experienced an up tick in the number of foreign nationals who are investing in commercial real estate in France since the creation of the EU. The pan-European marketplace has created an environment in which investing across national boundaries and throughout Europe has become a profitable enterprise for many men and women.

One example in which foreign investors have played a significant role in real property is found in the number of foreign nationals who have invested in real estate associated with the retail trade in major French cities. Indeed, within Paris alone, the number of foreign investors in commercial real estate, most particularly in buildings and property associated with retail operations, has increased by over 100% in recent times.

Overall, the commercial real estate market in major French cites has proven to be a very profitable investment for many foreign nationals. Most analysts agree that the commercial real estate marketplace should remain a stable and solid investment for investors, including foreign nationals, well into the next decade.

Even with some of the civil unrest that has been experienced in some locations in France during the past year, the real estate market has not experienced any real aftershocks as a result of this restiveness in some parts of the nation.

Residential Real Estate in France – Single Family Properties

As mentioned previously, the residential real estate market has been hot in many locales throughout France. In the major cities, newly built properties have been the subject of brisk sales in recent years. Many foreign nationals have been found snatching up these new residences in Paris and in other larger French cities.

In addition to newly built properties in larger French cities, rural residences have also traded on the marketplace steadily over the course of the past decade. Many foreign nationals have taken to purchasing larger residences in rural areas in France for retreat and holiday or vacation properties. For many years, France has been a destination of choice for holiday travelers from much of Europe and from other ports of call around the globe.

Residential Real Estate in France – Apartments

In the 21st century, the resort communities in France remain some of the most popular destinations for travelers and tourists from around the world. When it comes to French resorts, including the magnificent cities located on the French Riviera, many travelers and visitors actually return to these cities time and again for holiday stays. As a result, the demand for residential properties to be used for vacation purposes runs high in some of these communities. Apartments in resort communities have been in steady demand over the course of the past twenty years.

For the most part, apartments for sale in French resort communities are priced high. Buying an apartment in a major French resort community does not come cheap.

In addition to resort communities, Paris has also experienced a significant increase in the number of new and more expensive apartment units that are being constructed each and every year. Many foreign nationals have taken to purchasing apartments in the French capital city — particularly since the inception of the European Union and the integrated European economic community.

Holiday Property in France

As mentioned previously, vacation real estate has been in high demand in France in recent years. The French resorts, most particularly those resorts in and around the French Riviera, have experienced brisk business in vacation real estate. Generally speaking, these properties come in the form of apartments that are being snatched up by foreign nationals at record rates.

In Paris as well a significant number of residential properties are sold each year to foreign nationals that intend to make use of these properties for vacation or holiday purposes. As in the resort communities, apartments tend to be the residential property of choice for people seeking vacation or holiday properties in the capital city.

Finally, when it comes to vacation or holiday properties in France, rural residences are also greatly in demand. There are some spectacular (and large and expensive) estates that are on the market at this point in time, a good share of them having been purchased by foreign nationals for vacation purposes. Rural French residences are expected to remain in high demand by foreign nationals for use as vacation or holiday properties well into the next decade, according to real estate analysts in France.

Specific steps to buying real estate property in France

The first step that occurs in the real estate buying process in France is an oral agreement to make a purchase. The oral stage of the real estate buying process is informal and actually not legally binding. However, once a buyer conveys a purchasing price to a seller, and if the seller agrees on that offering price, movement towards a binding agreement which is known in France as the compromis de vente.

At its essence, the compromis de vente is a conditional or preliminary agreement to purchase real estate,

Generally speaking, the compromis de vente will set forth those steps and acts that must be taken and that must occur before a final contract will be entered into between the parties and before ownership of the real estate will transfer from the seller to the buyer. For example, after the signing of the compromis de vente, the buyer will have to obtain suitable and appropriate financing while the seller will have to work to make certain that the title to the property is free and clear and that the real estate can be transferred to the buyer without any encumbrances.

At the time the parties enter into the compromis de vente, the buyer will have to make what normally amounts to a deposit in the amount of 10% of the total purchase price. There are limited instances when the deposit is refundable. For example, if free and clear title to the property cannot be arranged during the time period set forth within the compromis de vente, the buyer can back out of the deal and get the deposit money back. However, barring something of this nature, if the buyer does back out of the agreement, he or she generally will lose the deposit money that has been paid pursuant to the terms and conditions of the compromis de vente.

It is highly recommended that the deposit be paid to either a qualified solicitor or a designated notaire. A solicitor or notaire will hold the money until all of the requirements and obligations of the compromis de vente appropriately are completed and concluded. At that time, the money will be paid to the seller if the deal goes through or will be refunded to the buyer under limited circumstances as outlined previously.

Generally, there are legal fees of under 10% that are associated with most real estate sales in France. These fees are due to be paid upon the completion of the sale — at the same time that the balance due on the overall property sale is paid by the buyer.

The real estate agency will also be entitled to a commission. Negotiations between the parties will determine whether it is the buyer or the seller who will pay these fees. The real estate agency fees can be as low as 5% of the purchase price or as high as 10% of the purchase price in some instances.

There are restrictions on how much of the purchase of real estate a foreign national can finance in France. If a foreign national is a citizen of another European Union nation, that person can finance up to 85% of the total purchase price of the real estate. If a foreign national is from a country beyond the European Union, he or she can only finance up to 80% of the total purchase price of the property. On the other hand, a French citizen can finance 100% of the purchase price of the real estate in question.

The final agreement in the real estate sales transaction is what is known as the acte de vente (which roughly translates as the final deed for sale). This agreement is to be signed in front of an official notaire.

Property Abroad always recommends using a Solicitor or Lawyer.




By: Les Calvert