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Friday 16 May 2008, Laforêt Immobilier agencies propose : 74997 real estate ads available forsale and 4318 available For rent.

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The Laforêt Immobilier network

News items

Edito

Purchasing power legislation: two major changes

The French "Purchasing Power" Act of 8 February 2008 introduced two major changes for tenants and, consequently, for rental property owners.

The first change involves the methodology used to calculate the rent reference index (IRL). The index is now pegged to consumer prices only, and no longer takes into account the cost of construction or the dwellings maintenance and improvement price index. The new index is expected to result in more moderate rent increases from one year to another.

The second major change involves new leases signed on or after 10 February 2008 (exclusively): as of that date, the tenant's deposit cannot exceed one month's rent excluding service charges.

Clearly, these two provisions will greatly benefit tenants, especially the younger generation. It is not so clear whether they will be of equal benefit to owners.

Patrick-Michel Khider and Bernard de Crémiers
Founding co-CEOs

En bref

Facade cleaning: time to call a specialist?

In many French cities, especially large ones, the facades of apartment buildings and houses must be cleaned at least every ten years. If only minimal work is required, it is entirely possible to perform this job yourself. However, stone cleaning is often complex. It is best to hire an architect (specialising in the maintenance of existing buildings) to advise you and oversee the work. Be sure to compare several estimates and also seek advice from your town hall, which sometimes provides a list of "approved" facade cleaning companies. Using the services of a professional has the added benefit of offering a ten-year guarantee.

How to maintain your wood floor

The original finishing used when your wood floor was installed will dictate which maintenance products you can use. If your floor has a wax finish, the only recommended product is wax. For oiled floors, it is recommended to use an oil similar to the one used for the original finishing, or wax. For a varnished floor, use a polish or wax designed specifically for varnished floors. Whether your floor is oiled, waxed or varnished, simply sweep or vacuum for everyday maintenance.


Le chiffre

The French rent reference index (IRL), used to raise rent, was 115.12 for the 1st quarter of 2008, up +1,81% with respect to the previous year.

Publication: 16th April 2008 / Source Insee

Le lexique

Real estate has its own jargon - there's a term you don't know?
Among the list of definitions proposed, you will no doubt find the answer to votre question.
LAFORET IMMOBILIER'S INTERNATIONAL SITES
* Sales prices do not include legal fees, stamp duty, registry and searchfees; rents include service charges.
** Each agency in an independent identity.