Is France the best investment location in the world?

[Goldberg]

With 80% interest only mortgages.
Rental guarantees
20% growth rates

Is France the best market in the world to make money?

[giantpanda]

Originally Posted by Goldberg Global

With 80% interest only mortgages.
Rental guarantees
20% growth rates

Is France the best market in the world to make money?

Hi!

I do not quite understand what you mean by:

With 80% interest only mortgages.


Concerning the rental garanties, you had better do your homework, before generalising.

As regards estate, you should also look at the conditions required ( and the possible procedure time ) to expulse a tenant which does not pay, not to mention the costs.

Yours,

giantpanda

[Goldberg]

Hi Giant panda.

Please be more specific on your comments. I am not talking about leaseback.

Expulsion time to evict tenacts who dont pay, is 1 month. And the rent is covered by an insurance and covered by the French government.

[giantpanda]

Originally Posted by Goldberg Global

Hi Giant panda.

Please be more specific on your comments. I am not talking about leaseback.

Expulsion time to evict tenacts who dont pay, is 1 month. And the rent is covered by an insurance and covered by the French government.

Hi!

As I told you, you have not done your homework:

See here the conditions for Locapass:

aides LOCA-PASS ®, aide financière au logement, garantie locative : aidologement.com

If you go for a private contract, the garanties are limited.

And for expulsions:

LA PROCEDURE D'EXPULSION EN 13 ETAPES

If somebody knows "the works" ( and the associations give them the necessary help ) an expulsion could take upt to 18 months of more.

It would be best to check and give references when you post such matters.

Yours,

giantpanda

[Goldberg]

Giant panda thank you for your comments I will pass to our French Licensed Real Estate partner to answer your question.

[Goldberg]

In answer Giant Panda from our partner to your questions

"private" - if you make your own contracts?

your are insured if tenant stops paying or between tenants. If the tenant did try to stay - so what; YOU ARE INSURED ANYWAY




Plus this was given as information


SERGIC
«GENERAL» TRANSLATION FOR GUIDANCE
ARTICLE 1 : OBJECT OF BASIC MANDATE
The mandate gives power to the “mandater” (Sergic), to manage the property and all rights under real estate law. The mandater has power for the following operations :
a) Managing of the property :
The “owner”, (the property owner), authorises the “mandeter” to collect all monies appertaining to the property & administration of the property - i.e. rent; charges; taxes etc.
The “mandater” will handle all the matters appertaining to the tax administration.
The “mandater” will apply all the laws appertaining to the property, “owner” and “tenant”.
The above comes into effect from the date of signature of the mandate.
The “mandater” is entitled to any interest accruing from monies placed in bank accounts.
The “owner” will make sure that the co-property insurance is up to date.
b). Finding tenant :
The “mandaters” pays for all the adverting etc. in accordance with law and decided with “owner”
All rentals by agreement of law article 67 decree n° 72-678 of 20.07.72.
Renewal of tenants agreement with existing tenant by agreement with “owner” only.
Not to accept tenants who wish to rent to other tenants.
The mandate is ended by 3 months notice of tenants agreement; whether by notice or expiry
To make sure all checks of property by bailiff are done at start and end of all tenant agreements.
c). Representation of owner :
The “mandater” represents the «owner» with the co-property of the building for voting etc. If changes to building are required it is paid by «tenant”, but agreed by «owner».
ARTICLE 2 - WORKS
The owner allows the “mandater” to make sure the property is kept in good condtition.
The “mandater” has obligation of results by civil code.
SERGIC
«GENERAL» TRANSLATION FOR GUIDANCE
ARTICLE 3 - RECOVERY OF BAD DEBT
The “mandater” gives guarantee of rental and is responsible for any damage or non-payment and damages.
The “mandater” has obligation of results by civil code.
ARTICLE 4 - OBLIGATIONS OF RESULTS OF «MANDATER»
The “mandater” has the obligation to pay the “owner” all the monies collected for the property, or the published “market value”, less his fees, irrespective if rented or not. And also between tenants if propery is vacant. This takes effect one month from signature of mandate, (or, on new build, on 1st day of calendar month of receiving keys).
The “mandater” has the right to increase the rent by market value at commencement of all new agreements.
The “owner” receives his monies on the 5th of each month.
ARTICLE 5 - SUSPENSION OF GUARANTEES OF MANDATE
The “mandater” has the right to suspend the contract for the following :
If the apartment/building is in an unacceptable condition and the “owner” refuses to modify.
“Force majeur”
If the “owner” forces the end of tenant agreement.
ARTICLE 6 : DEPOSITS OF GUARANTEE
The “tenant” must place 2 months deposit and guarantees by law for damage and rent, as required by law, in closed bank account.
ARTICLE 7 : ACCOUNTS
The “mandater” will send a full account of all monies received/spent monthly.
ARTICLE 8 : DURATION OF MANDATE
The mandate is for 3 years from occupation of first contract, and is renewable by agreement with each new contract. Three months notice prior to end of contract is required by registered letter.
At end of mandate the “mandater” will cease to have any further obligation.
If the “owner” dies, the mandate passes to next of kin who become the party responsible.
ARTICLE 9 : DOCUMENTS
The “owner” must provide first 4 pages of title deed and bank details

[Goldberg]

To partner you in your property investment projects, the Goldberg Partner has set up partnerships covering the Greater Paris region, and for the rest of France



QUALITY: management services you can rely on

Our partners will manage the rental of your property. Their fees are fully deductible from your real estate revenues for tax purposes.
Our partners will find and select tenants meeting the Besson or Robien criteria on your behalf, in addition to taking care of rent increases and preparing your tax return.

By putting your property in their hands, you will have complete peace of mind.


GUARANTEED rental revenue

Our partners will offer you a service package providing a range of guarantees according to the terms of your contract :
- Guaranteed initial rental
- Guaranteed regular revenue: if the property becomes vacant or if it remains unlet for more than one month, you will receive a regular monthly revenue corresponding to the market rent (excluding rental charges) for an unlimited period
- Guaranteed cover against rent default, as from the first month and for an unlimited period
- Guaranteed cover against damage to the property by the tenant.

You are thereby assured of the security of your investment, while obtaining the best possible return.



QUALITY: a vast range of choices
Wherever you want to invest - in the Greater Paris region, the Alps, the Pyrénées, the Mediterranean region, Normandy or Alsace - we can offer you a wide choice of well-designed apartments and houses with high quality fittings.