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Money Matters and Legal

Fines for Illegal Short-term Rentals in Paris Jump Ten-fold in 2017

Your Money
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This year has seen authorities dish out more than ten times as many fines to rogue landlords as they did last year, as the war on illegal short-term rentals in Paris continues. 

Sellers Forced to Refund Buyers After loft Found to be Uninhabitable

In Law
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A property sale was recently annulled by a court as its sellers were found to have been untruthful regarding the state of the property’s loft. 

Online Property Auctions used by French Notaires to Sell Quickly

Your Money
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French Notaires have recently demonstrated remarkable innovation by using online property auctions to offload properties quickly, with one going a step further and using an alternative and seldom-used mechanism.   

Tenants in Paris Suburb Exempt from Paying rent due to Unsuitable Living Conditions

In Law
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The tenants of a building in Essonne whose facade’s brickwork crumbled last year have been exempted from paying rent until full restoration is completed. This is not the first case of such a measure in the face of unsuitable living conditions. 

Proposed Reforms of Housing in France: 3-month Lease and Cutting red Tape

In Law
housing-in-france-fyltyr

Prime Minister Edouard Philippe has proposed significant reforms of housing in France, including a new ‘flexible lease’ and easing of construction red tape. 

Macron will Introduce his Property Tax Reforms next year

Your Money
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The government has confirmed that Emmanuel Macron’s two key property tax reform measures will figure in the state budget bill for 2018. What do they mean for homeowners in France? 

French Court Grants Upper-floor Residents Right to Install Lift in Building

In Law
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One of the highest courts in France has granted upper-floor residents the right to install a lift in the building after the proposal was rejected by the other tenants. 

New Mandatory Surveys for Those Letting Property in France from July 1

In Law
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From July 1, two new property surveys pertaining to electricity and gas will be obligatory for those letting property in France.

Mortgage Rates in France Have Stopped Rising and Could Fall Soon

Your Money
mortgage-rates-in-france-fyltyr

May saw mortgage rates in France stop their upward trend, even falling slightly according to some measures. Some are predicting a significant fall between now and the middle of summer.

Domiciliation de Revenu will be Limited to 10 years from January 1

In Law
domiciliation-de-revenu-fyltyr

The law in France that requires borrowers to have their main account with their mortgage lender for the duration of the loan – the domiciliation de revenu – is to be watered down from January 1 in the interest of consumers.

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