|
Property
and
Travel News for the South of France
(including Tips
and Topics in the South of France and Monaco)
Good
news for those dining in French Restaurants this summer
France is cutting the rate of VAT in restaurants and cafes from
the current rate of 19.6 per cent to 5.5 per cent. This should
mean the costs of meals will be 10% less. The move is at the
start of the main two month tourist season in France . France’s
Minister for the Economy, Christine Lagarde said that allowing
people to continue to dine out will encourage improvement in
France's area of expertise..The reduction in VAT is going to
let France ... conserve and improve its culinary reputation.
More
on this stors here at the jmlvillas blog
June 2009 |Back
to top
French
Property Tax Deadline
If
you own a property in France you should have completed your
tax return by the 31st May. The French tax authorities could
have sent you the fdecration form "Avis Impôt sur le revenue".
They have a specialist department for non resident owners "CDI
Non Residents" at 93465 NOISY-GD- CEDEX. If you don't actually
let your property, you must not ignore the form, fill it in
and send a letter explaining that you don't let the property
or have stopped letting it.
Like
in the UK the Tax authorities will be looking for unpaid tax
on rental property and will be checking with local tourist offices
and agencies to check if a property is listed. You do have to
send back the return within 30 days or they will demand payment
and you can be penalised for late payment. If the authorities
are preparing the demand they will not usually allow for the
expenses in the way you would if you were preparing it yourself.
If you are having difficulty completing it yourself, consider
using an English speaking
accountant.SEE
ALSO: Tax in France May
2009 |Back
to top
.Visitors
Down on the Riviera
The
Riviera Reporter
has reported that an area that is under strain on the Riviera
is the visitors numbers as economic considerations suggest some
tourists will stick to a "stay-cation" this year.
Both the Monaco Grand Prix and the Cannes
Film Festival figures are down and it was even possible
to book hotel rooms a month before those dates for the first
time in decades. Some hotels along the coast are accepting 1
day bookings when they normally insist on 4 to 5 nights during
peak months. The Riviera Reporter comments " There'll
be more room to spread your towel on the beach this summer"
May
2009 |Back
to top
Bernie
Madoff's Property at Cap d'Antibes
The
Riviera Reporte's June
July 2009 edition has a news report entitled "Fancy sleeping
in Bernie's bed? He won't be needing it again". US Government
prosecutors have filed in Federal court that they will be seizing
and selling a number of properties owned in the names of confessed
mega-fraudster Bernie Madoff and his wife Ruth. Included is
a villa at 271 Chemin de la Garoupe at Cap d'Antibes. Mrs Ruth
Madoff seemingly has no intention of coming over for a last
look and the telephone has been cut off. Here husban's yacht
"Bull" that is moored at Port Gallice.will also be
on offer. May
2009 |Back
to top
Monaco
F1 Grand Prix 2009
The
Formula one motor racing Grand Prix takes place in the streets
of Monaco on the weekend of the 21st to 24th May. Qualifying
is on Saturday 23rd and the race itself on the 24th May. The
Historic
Monaco Grand Prix (Grand Prix de Monaco Historique)is
not being held this year, as it is held every other year. Meanwhile
in the April/May 2009 edition of The Riviera Reporter
they report "Monaco now has 400 eyes watching your
every move as the latest surveillance cameras have been installed
and your number plate is checked as you enter." April
2009 |Update May 2009: British driver Jensen
Button won (Brawn) 2nd Brazillian Rubens Barrichello (Brawn)
3rd Finland's Kimi Raikkonen. lBack
to top
Celebrating
the life of Pablo Picasso
There
is a celebration of the famous resident Pablo Piscasso
until
the 27th September 09.With a trail around the south of France.
At Antibes (pictured to left) Picasso, 1945-1949 : l’ère du
renouveau... Exhibition from the 29th March to the 14th June
2009 at the Musée Picasso.Then at the Musée Granet in Aix-en-Provence
and finally at Château de Vauvenargue which is Picasso's last
home. More
information here April
2009 |Back
to top
Aer
Lingus London Gatwick Hub offers new services to Nice
From
the end of April 2009 Aer Lingus is flying twice daily from
London Gatwick (their new Engligh hub)to Nice. The Irish low
cost operator Ryanair is resuming it's service from the end
of April till the 23rd of October from London Stanstead to Toulon-Hyères.
This is more convenient than Nice for residents in the Var.
There will be flights four days a week with a daily service
in July and August.
April 2009 |Back
to top
Drink
Drive laws in Italy Update
- Take
great care if you take the car you rent in the South of France
into Italy for the day.
Italy
Magazine's March 2009 edition reports that the new Codice della
Strada (The Highway Code) has stated that if you drink more
than three glasses of wine or more than one brandy you will
not pass Police alcohol tests. Apart from having the driving
license suspended up to a year, the vehicle can also be confiscated
and sold by the state. March
2009 |Back
to top
Fewer
attend Cannes Property Summit March 09
Attendance
at the world’s largest property summit suffered a 50% year-on-year
decline last week, and though this had a detrimental effect
on the flow of champers and boat hire, it didn’t stop the parties
or dampen enthusiasm about forthcoming property investment opportunities.
Delegate numbers at this year's MIPIM summit were reportedly
down 50% to around 15,000, which is perhaps unsurprising given
the economic climate. This was the 20th annual property jamboree
in Cannes in the South of France, which is usually recognisable
by its mass of marquees along the waterfront. However, this
year the coast was left to the grand dames of Cannes to flaunt
their wealth alone.
Cafes,
bars, restaurants and hotels also noticed the decline in delegate
numbers, with most trading under their own names, rather than
the companies and firms that normally take them over for four
days during the summit. Further, according to one boat owner
and a regular at MIPIM, a total of 40 boats had been cancelled
with the harbour authority prior to the event. March
2009 |Back
to top
AMB
Cote d'Azur reaches the grand age of being five years old!
Launched
in February 2004, and starting from humble beginnings, the site
has grown from just one writer Alice Barker, to having a fabulous
team of over 20 writers, all passionate about the beautiful
region. AMB
Côte d’Azur was created by husband and wife team,
Alice and Nigel Barker. Using Nigel’s extensive technical computer
background and Alice’s desktop publishing skills, the website
became the natural vehicle to share their combined love and
interest of this beautiful region of France. February
2009 |Back
to top
Monaco
scraps the land extension plan
The
scheme to extend Monaco's land area by 275,000 m2 off Fontvielle
has been cancelled till further notice.It was going to cost
in the region of 10 billion and the official explanation
of the decision to scrap the scheme emphasizes the need for
further assurance that the environmental consequences are minimised
as far as possible.February 2009 |Back
to top
Buying
or selling info in France
If
you
need to check out what property has sold for in France then
you need to visit www.immoprix.com.
The data is provided by Notaires. You'll find prices and indices
for each type of property (house, apartment, land) based on
its geographical location (region, department, municipality,
district, neighbourhood). February 2009 |Back
to top
Nice
Carnival Celebrates its 125th anniversary in 2009
The
Nice Carnival (Le Carnaval de Nice ) 2009 takes place from 13
February to 1 March 2009. It is one of the biggest Mardi Gras
carnivals in the world. There will be the illuminated corsi
carnavalesques (carnival floats) and the famous battle of flowers.
The burlesque and poetic parades are a coming together of floats
made from papier-mâché or covered in flowers, accompanied by
performances from street artists and groups of musicians. The
procession is made up of 20 floats decorated according to a
theme and about 150 “large heads”; it turns into a colourful
parade of dazzling colours into which blend the street artists
and groups of musicians from around the world. In the evening,
all the floats are illuminated and the procession lights up
the whole of Nice.
The
2009 themes conjures up "the art of masquerading in all its
senses": the wearing of masks, of course, changing one’s appearance
and putting on a performance, in short, the art of deception.
From simple dressing up to cosmetic surgery, carnival is no
longer the only kingdom of cross-dressing and trickery in all
its possible guises, obviously in a modern and delirious fantasy
setting. February 2009 |Back
to top
Pancake
Day - As reported in the Riviera Reporter February / March 2009
In
the UK, of course it is Shrove Tuesday, the day before Lent
starts. That is Mardi gras in France, but it is not the day
when crêpes are traditionally eaten in France. The date is February
2nd and the day is known as Chandeleur. In English in
Catholic times Candlemas. In modern churchspeak it is the feast
of the Purification, marking Mary's presenting Jesus at the
temple in Jerusalem forty days after his birth. Where the old
customs holds sway in France pancakes shouln't be eaten on that
day before eight o'clock in the evening. Anyone who wishes,
can have a go at tossing a crêpe in the pan. If this is done
successfully then it is a sign that the person will have a propsperous
year. Source Riviera Reporter February 2009 |Back
to top
French ban promoting mobiles to children
New
laws are to be put into place clamping down on children's use
of mobile phones in France amid growing fears that they may
cause cancer and other diseases. Jean-Louis Borloo, the Environment
Minister for France announced recently that any advertising
of mobiles to children under 12 is to be banned. The French
government will also introduce new limits for radiation from
the phones and make it compulsory for handsets to be sold with
earphones, so that users can avoid irradiating their heads and
brains. And one of the country's largest cities last month started
an advertising campaign to discourage the use of the phones
by children. February 2009 |Back
to top
TV
ads coming off French TV or some of it
Following
President Sarkozy's involvement with the state owned French
TV channels France 2 - 5 and his desire for them to be like
the BBC, The board of France Télévisions voted by nine to two
in favour of scrapping advertising after 8pm from the 5th January
2009. (loi Albanel) The decision will affect all four of the
country's TV Channels and there will be a blanket ban from 2011.
The shortfall in revenue will be funded through two new taxes.
One of these will be levied on Internet service providers and
another on the extra advertising revenue channelled to the private
TV channels. January 2009 |Back
to top
Mike
Lorimer steps down as President of the BCC - January 2009 -
New president is Dutchman Ab Kuijer.
At
the AGM of the British Chamber of Commerce of the Riviera held
at the Novotel, Sophia Antipolis last night, outgoing president,
Mike Lorimer, opened proceedings by presenting a cheque for
€1.100 to Valerie Haxton, Group Chairman of The British Association
of the Alpes-Maritimes and Var region. The money had been raised
by the membership at recent functions and is a significant contribution
to the Association's charitable works.More
on this Here - January 2009 |Back
to top
The
Monte Carlo Rally - Rallye Automobile Monte-Carlo 21-24 January
2009
World
junior champion, French man Sébastien Ogier, driving a Peugeot
207 S2000, won the 2009 Rally of Monte Carlo ahead of two other
Peugeot drivers, Freddy Loix of Belgium and French compatriot
Stephane Sarrazin.The Citroen World Rally Championship (WRC)
driver was making a one-off appearance in the Intercontinental
Rally Championship (IRC) January 2009 |Back
to top
French
Prime Minister Francois Fillon unveiled a multi-billion-euro
stimulus plan
It
is targeting the transport and housing sectors, as well as research
and heritage renovation work. The French government is now under
intense pressure to show how the project will perform and protect
workers from the economic downturn. Many unions are demanding
a back-up recovery plan to boost consumer spending by increasing
pensions and salaries. Around 870 million euros will be invested
in the transport network, 730 million euros into research and
universities, 620 million on culture and heritage renovation
work, and 1.1 billion euros used to build and renovate social
housing. Several billion more are spread across dozens of small-scale
projects, from energy-efficient farming to boosting security
in mental hospitals, with planned investments pulled forward
to the period 2009-2010. January 2009 |Back
to top
Fierce storms devastate southwest France
Weather
forecasters warned again that those regions devastated by the
storms could see damage by flooding and further gales..The fiercest
storm since December 1999 killed at least nine people in southwest
France and 12 in northeast Spain as gusts uprooted trees, damaged
buildings and initially left 1.7 million homes without power.
French rescuers scrambled Sunday to reopen railways, douse forest
fires and restore power to nearly a million homes plunged into
darkness by a violent storm
January 2009 |Back
to top
Midem
- Cannes (Marché International du Disque et de l'Edition Musicale)
January 2009
8,000
participants, spanning all sectors of the global music business,
from over 80 countries left Cannes on the 21st Januarytaying
that MIDEM 2009 had served as a launching pad for them to examine
new business models that embrace digital and that they are facing
the future with confidence. 60s
British pop and rock icon Donovan took Cannes by storm with
live performances including one which hushed assembled journalists
attending a press conference by the singer. More
information on MIDEM January 2009 |Back
to top
Tour
de France to start in Monaco in 2009
Running
from Saturday July 4th to Sunday July 26th 2009, the 96th Tour
de France will be made up of 21 stages and will cover a total
distance of 3,500 kilometres. It starts in Monaco and then through
the South of France to the Pyrénés and to Andora and then there
wil;l be two days in Spain. Later there are stages in Switzerland.
Addining to the international tour fever the 2010 Tour starts
in Rotterdam in Netherlands on July 3rd, 2010. November 2008
|Back
to top
Nice
Riviera Tourist Pass now available
The
Nice
Riviera Tourist Pass has been introduced and is ideal for
those spending a few days in the city. The pass allows visitors
to make the most of unlimited usage of the city's "Grand Tour"
double decker buses and free entrance to attractions like the
Monaco exotic gardens, the Russian Cathedral and museums including
the Marc Chagall museum. There are also price reductions at
selected restaurants and shops. You can have the choice of purchasing
a one day, two day or three day pass. More information at the
tourist
office website October 2008 |Back
to top
Good
time to buy in France according to a report in The Irish Times
The
Irish Times reported on the 25th September that it is now a
"Good time to buy as French prices fall by up to 25 percent"
They reported that a survey in the daily newspaper "Aujourd'hui
En France" revealed that prices have already fallen in
2008 between five and twenty five per cent. Marseille that has
a large stock of of new unsold property is amongst one of the
worst affected areas. It is a different story in Paris where
prices have climbed by 9.4 per cent. September 2008 |Back
to top
A
film featuring the arrival of Coco Chanel in Grasse - Chanel
& Stravinsky l'histoire secrète
22nd September 2008 and many of the streets in the pretty hilltop
town of Grasse are blocked off as filming has just started in
the old town, featuring the arrival of Coco Chanel in Grasse.
The
film is entitled "Chanel & Stravinsky l'histoire secrète"
(The Secret Story of Chanel and Stravinsky). It will star Anna
Mouglaiis as Coco Chanel and Mads Mikkelsen (who was in Casino
Royale) is to be Stravinsky.Jan Kounen is directing the film.
It
is set in the 1920's. Unfortunately shooting has started just
as the excellent summer weather has gone downhill.The
film is out in 2009 year and will appear in the Cannes
Film Festival but apparently not in the competition.
September
2008 |Back
to top
Villa
Léopolda at Cap Ferrat in the Côte d'Azur in the south of France
sells for €500m / £390m.
The
villa built in the early 1900's has been sold to a Russian billionaire.
It has now smashed the record for the most expensive house in
the world. It is set in 20 acres of gardens overlooking Cap
Ferrat near the picturesque fishing village of Villefranche-sur-Mer.
The villa was originally built for King Leopold II of Belgium.
Other owners have been the Angelli family, the founders of Fiat
A report from Nice Matin has said that it has been sold by Lily
Safra, Edmond Safra's widow. He was a Lebanese Jewish banking
billionaire who was murdered in Monaco in 1999 by his male nurse.
The new Russian owner wishes to remain anonymous August 2008
|Back
to top
Former
Hotel Le Provençal at Juan Les Pins is being converted into
luxury apartments
Le Provençal that was once a famous hotel with spectacular views
over Juan Les Pins and the Mediterranean is being revamped.
Located near to the site of the annual Juan Les Pin Jazz festival
-Jazz
à Juan.
It was
originally built in 1926 as a 290 room hotel by American millionaire
Frank Jay Gould and its era entertained guests like John F Kennedy,
Winston Churchill, Douglas Fairbanks Jnr and Charlie Chaplin.
The hotel closed in 1966 and the 15,000sq m 10 storey white
building has stood empty for the past forty years. English property
developer Cyril Dennis who has successfully developed a large
amount of London's docklands has paid a reported £48 million
to the German owner. It is now being re-furbished and being
converted into luxury apartments. There will be 56 of these
plus 4 studios and the prices are likely to be between €2.7
million and €37 million for one of the penthouses. A parking
space will cost €50,000 each and there are 131 of these. July
2008 |Back
to top
Monaco
Grand Prix
On
a very wet Sunday on the 25th May, Lewis Hamilton won the Grand
Prix in a McLaren-Mercedes he was the first Englishman to win
the race since Graham Hill in 1969. Second was Robert Kubica
BMW Sauber from Poland and third was Brazilian Felipe Massa
in a Ferrari who had been on pole position.May 2008|
Back
to top
Cannes Film Festival
The
Cannes Film Festival's Palme d'Or was won by the French production
Entre les murs (The Class) on the 25th May 2008. The film, directed
by Laurent Cantet, used teachers and students to chronicle a
year in the life of an inner-city school. This is the first
time a French film has won the Palme d'Or since Sous le Soleil
de Satan by Maurice Pialat in 1987
May 2008 More
Information | Back
to top
Mediterranean
building ban
Environment
ministers of 14 countries have agreed in principle to ban the
construction of commercial and residential developments within
100 metres of the Mediterranean coastline. The new Integrated
Coastal Zone Management (ICZM) was ratified in Almería by the
ministers.
The
convention has agreed that along the 29,000 mile shoreline of
the Mediterranean that no construction would be permitted within
100 metres of the coast in an effort to help protect the coastline
from the damage caused by development and human contact. Christina
Narbona Spain's minister for the environment and José Fernández
Pérez, Spain's environment ministry Director of coastal areas
told a press conference that Albania, Algeria, Croatia, France,
Greece, Israel, Italy, Malta, Montenegro, Morocco, Slovenia,
Syria and Tunisia have all ratified the Barcelona Convention
and that Bosnia, Cyprus, Egypt Lebanon, Libya and Turkey have
not at this stage, however they are believed to be signing the
agreement later in 2008.
March 2008 | Back
to top
Lyon
to move to Dubai! Not quite
A
Dubai entrepreneur who has fallen in love with Lyon, plans to
build a new version of the French city in Dubai. The new district
will be called Lyon-Dubai-City and although this will not be
a Disney style copy of the city it will be complete with cinemas,
cafés
and building built in Lyonasise style. It will be about the
size of the latin quarter of Paris and the estimated costs are
around 500 million. The city will be organised on European
lines.
In
April 2007 it was announced that The Louvre Paris
opens "another branch" with a Museum in Abu Dhabi.
March 2008 | Back
to top
Vladimir
Putin buys a Château near Saint-Tropez
The
Daily Telegraph revealed earlier this year that former Russian
President Vladimir Putin had bought a Château near Saint-Tropez.
According to their report, it is in the process of being renovated
in time for the spring. The accommodation includes an inside
and outside swimming pool and has 20 30 rooms. March 2008
| Back
to top
Airline
News Update for February 2008
easyJet
who has acquirred GB Airaways from the Bland Group will be flying
to Corsica. They will offer services from London Gatwick to
Ajacio and Bastia and additional routes in France to Montpellier
and Nantes. Meanwhile Ryanair has launched it 25th European
base at Birmingham. From Birmingham they will offer services
to Biarritz, Dinard, Marseille and Perpignan. February 2008
| Back
to top
Increase
in passenger traffic at Nice Airport in 2007
The
year end report for Nice Airport showed that traffic has now
crossed the ten million mark. In 2007 10,385,000 passengers
passed through showing a growth of 4.5 per cent on the 2006
figures. The busiest time was May to September.As far as routes
are concerned, Paris is the most popular followed by London
and Amsterdam. Air France comes out as number one airline followed
by easyJet and British Airways. Two new airlines started flying
to Nice in 2007 - Ryanair from Dublin and Vueling from Barcelona.
There are now 65 destinations in 23 countries flying to Nice.February
2008 | Back
to top
Ikea
sets a provisional date for early 2010 for new store in the
South of France
The
Swedish furniture group IKEA is intnsifying efforts to finalise
a location of it's new store. They have set a provisional date
of early 2010 to open the new store. The propsed site at Mougins
has been rejected and they are looking at a site at Bec de l'Estéron
in the Gillete commune. It is a big site with no problem for
access roads.February 2008 | Back
to top
Monaco has a new hotel
The
Novotel Monte-Carlo has opened
in Boulevard Princesse Charlotte. It is a 218 bedroom hotel
that is being marketed as a Three star plus. This means that
it will not compete with the luxury hotels or the mid range
sector. The hotel intends to attract business and leisure clientel.
18 of the rooms are suites and the hotel also has an outdoor
heated swimming pool, a roof terrace, fitness room, two hammams
and a 24 hour retaurant. It is located approximately 200 metres
from the railway station. Meanwhile whilst France has a smoking
ban, Monaco does not. However smoking at the Joël Robuchon restaurant
at the Métropole Hotel is no longer an option. Smoking
is still allowed in the bar but it is expected that the Moegasque
authorities will introduce tougher smoking laws shortly.February
2008 | Back
to top
House
prices to remain stable in France in 2008
France's
national association of estate agents FNAIM (Fédération Nationale
de l'Immobilier) has said that after an increase of some 140
per cent over the last ten years, house prices in France will
continue to rise in 2008, however this will be a slower rate
than in previous years. Their annual report has revealed that
in the last quarter of 2007 house prices rose 2.5 per cent.
The President of FNAIM René Pallincourt stated that the stability
of the market would persist throughout 2008 saying in Le Monde
"It apears that any downturn can be dismissed, prices will
stabilise within the 0.2 per cent growth range". According
to one major French estate agent Orpi, 6.5 per cent of enquiries
came from house hunters whereas only 2.5 per cent from vendors.
February
2008 | Back
to top
British
and Irish citizens now own 3.81 million properties overseas.
The
figure
does not include timeshares. The research agency Datamonitor
has found that 1.21 million properties are owned by permanent
Irish or UK residents. There is £44 billion on the overseas
property market in 2006 and the research says that growth will
be over 13% between 2008 and 2012. The main countries people
still choose are France, Spain and the USA.January 2008|
Back
to top
From
the 17th November 2007 — Low cost carrier Ryanair strats flights
between Dublin and Nice
Aer
Lingus's monopoly of flights between Dublin and Nice will end
when a daily Ryanair flight starts. Ryanair will also be operating
routes to Marrakesh and Fez in Morocco from Nice Cote d'Azur
and Marseille from October 31st. 2007 October 2007| Back
to top
Founder of Ryanair — Dr Tony Ryan dies
Dr
Tony Ryan the Ryanair airline founder and entrepreneur died
at his home in Co Kildare, Ireland on the 3rd October 2007 after
an 18 month battle with pancreatic cancer. He was 71. Michael
O'Leary chief executive of Ryanair who was Tony Ryan's personal
assistant said," It was a privilege to work for him and to learn
from him". More
on this story here. October 2007| Back
to top
Report
shows house prices in the Alpes-Maritimes- are still on Increase
The
Observatoire Immobillier report for the Côte d'Azur that monitors
house prices in the Alpes Maritimes shows house prices are still
on the increase. It states that in the first quarter of 2007
buyers were spending 5 per cent more on modern houses and 10
per cent on established ones compared to the same period in
2006. Only 1,400 new build properties have been released in
the first six months of 2007 which is 30 per cent less than
in 2006
October 2007
Inheritence tax
threshold raised in France to boost property market
President Nicolas
Sarkozy has increased the inheritance tax threshold to boost
the French property market. The new legislation raises the inheritance
tax threshold from 50,000 to 150,000 per parent
for each child. For brothers and sisters the threshold rises
from 5,000 to 15,000 and for nieces and nephews
it will be 7,500. It is estimated that with the new changes
as many as 95 per cent of the population in France will no longer
pay any inheritance tax at all upon the death of their parents.September
2007
|
Back
to top
Holiday Home
Insurance Warning in France
A
correspondent to a French property magazine wrote in August
2007, a warning to other readers about the importance of retaining
receipts for items of property at the family holiday home in
France. It was reported that the house was broken into in late
2006 and the agent made the discovery. Although the agent dealt
with the issue, the owners decided to visit the property as
well. The property was insured with a large French insurance
company September 2007
More
on this story | Back
to top
Helicopter
flights at St Tropez limited
The
French authorities have limited helicopter flights to St Tropez
following complaints about the noise. In 2006 a voluntary agreement
authorised 1,200 flight movements a year, but 5,000 flights
were registered between June and August 2006. Some companies
were found to be flouting the rules.August 2007
ICM
Research finds that many British buying in France are unaware
of the need for insurance.
French Property News reported in it's June edition that according
to a recent ICM research that was commissioned by Hiscox that
there are now much younger and inexperienced buyers of overseas
homes. Young people are buying overseas to get a foot on the
property ladder and then eventually selling up and buying in
the UK. The research backs up the fact that only 4 per cent
of those surveyed said that legal liability for guests having
accidents on their property worried them. They should fully
examine the policy and find out what they are covered for.
more information June 2007
Back to top
French
property prices look set to increase by 6% in 2007 and second
home property prices have risen by 19% per annum over last ten
years.
A
report from the national association of French estate agents
FNAIM state that re-sale property prices look set to increase
by six per cent in 2007. In April the price of apartments increased
by 1.4% compared to March 2007. Although prices for non-new
build houses remained almost at a standstill with only an increase
of 0.1%, jointly property prices have registered a year on increase
of 1.3% during the first three months of 2007. These increases
are not as high as in 2006 when they rose by 7.2% ,10.9% in
2005, 15.5% in 2004 and in 2003 14%.
However, property prices of second homes in France have
risen on average by 19% over the last ten years according to
research by estate agents Savills and the holiday home website
Holiday Rentals.co.uk. The Rhône-Alpes region has experienced
the highest second home price increase over the last five years.
June
2007 Back
to top
Higher
French tourist records for 2006
There
were 78 million visitors to France in 2006 according to figures
released by junior minister for tourism Léon Bertrand. The figures
represent 75 per cent being fellow Europeans - including Spanish,
British, Swiss and visitors from Eastern Europe. The increase
is a 2.7% increase on 2005.June
2007
Back
to top
Research
has found that London residential property is the most expensive
in the world - It has now overtaken Monaco - Cannes is 6th,
St Tropez 7th and Paris is in 9th place.
A
report by Knight Frank and Citi Private Bank has revealed that
London has the most expensive residential properties in the
world. The average cost in prime central London is £2,300
per square foot. More
May
2007
Back to top
Barclays
Bank expands French operation
Barclays
Bank that is very much in the news in April after it has agreed
a €67bn takeover of Dutch bank ABN Amro. Barclays will hold
a 52% stake in the new merged banking group, which will be the
world's fifth largest banking group . It has opened a new branch
at Port-Frejus in the Var in the south of France. The bank currently
has eight branches in the south of France
April 2007
Back to top
New
Identity signs in Monaco
The
signs at entry points to Monaco have also been added in Monacan
- Principatu de Múnegu - Mune Carlu have been added. The Comité
des Traditions Monégasques have arranged these in order to emphasize
Monacan identity and heritage.
April
2007
Back to top
Russians
are buying up the hotels in the South of France
In
2006 the owner of Chelsea Football Club - Roman Abramovich bought
the Hôtel
du Cap-Eden-Roc at Antibes, near Cannes.This hotel is a favourite
location for the stars of the Cannes Film Festival (see)
and is very popular with rich Russian tourists visiting the
Côte
d'Azur. Their website lists a long alphabetical celebrity guest
list. Now a fellow Russian Leonard Blavatnik has just purchased
the prestigous Grand- Hôtel
du Ca-Ferat located between Nice (see)
and Monaco. He is a business oligarch - business magnate who
was born in Russia and emigrated to the USA in 1978. This specatular
hotel was opened in 1908 and like the Hôtel
du Cap-Eden-Roc has a pedigree guest list including Winston
Churchil, Aristole Onassis, Pablo Picasso and a fellow Russian
Tsar Nicholas 11. There are 44 rooms and 9 suites with room
rates from €333 to €1,098
and at times rising to €2,525
per night. The estimated purchase price he has paid is €215
million - £146 million. He has also purchased the Hôtel
de Vendôme
in Paris.This is located in Place Vendôme in the centre of the
French Capital. March 2007
Back to top
Assetz
Finance states that more holiday home purchasers are taking
out French Mortgages
A recent report by Assetz Finance states that more people buying
holiday homes in France are taking out French mortgages instead
of paying in cash. Assetz Finance in the last year has seen
a rise in the number of British holiday home buyers taking out
a French mortgage from 33 per cent in 2005 to 50 per cent in
2006. French mortgages are one to one and a half per cent cheaper
in the UK. January 2007 Back
to top
France
24 TV news is launched
France
24 the French international news channel has been launched.
This news channel offers a French perspective on world events.
It broadcasts 24 hours a day offering an in depth analysis of
current affairs and news. It is broadcast in French and English
and later this there will be an Arabic version and a Spanish
version is scheduled for 2010. It is available via SKY or TPS.
January 2007 Back
to top
Marseille
to be France's first airport dedicated to cut price air travel
Marseille
is to be France's first airport dedicated to low cost airlines
with one million passengers expected to pass through the airport
in 2007. A new terminal, MP2 ( short for Marseille Provence
2) will be located next to the existing buildings. This will
be able to deal with six flights at any time. It will deal with
3.5 million passengers per year. The new facility will boost
traffic at France's fourth largest airport December
2006 Back
to top
Britons
now own £4.6billion of property in France
Britons
have bought some 51,000 properties in France sonce 2000. The
last French census in 2004 recorded a 50 per cent increase over
five years in the number of Britons who live permanently in
France to 100,000 and there are about 500,000 who spend more
than six weeks a year there. The country is the favoured place
for retirement with 37 per cent wishing to retire there according
to an ICM survey as opposed to 30 per cent opting to stay in
Britain. At the same time the survey found that if given the
choice of nationality, just over half of Britons under 50 would
retain their passport, but 22 per cent would opt to become French
instead. October
2006 Back
to top
Expansion
out to sea at Monaco
The
Sovereign Price Albert II has formerly launched his first major
project since taking the reins of the Proncipality of Monaco.
Tweleve hectares are to be reclaimed from the sea at Le Portier,
just west of the Grimaldi Forum. The land is to be developed
to offer 300,000 square metres of extra space for housing (40
per cent) and office space, alongside public amenities such
as nursery school and crèche. There will also be another shopping
centre and additional berths for pleasure boats and a coastal
pathway to link Lanvotto to Port Hercule. There are also plans
to build a new National Museum here. Work should begin in 2008
and be completed by 2014 and to pay for it - there a budget
running into billions of euros. September 2006 Back
to top
Aer
Lingus will be charging for carrying luggage
The
Irish airline Aer Lingus has followed Ryanair and FlyBe in annoucing
that it will charge passengers extra for baggage it carries
in the aircraft hold. This will be from the 17th January 2007.
They will levy a fee 8.00 / £5.50 for each bag carried
for short haul flights or half if it is booked on line in advance.
This fee policy reflects the moves among some low cost airlines
like Irish competitor Ryanair to apportion costs for optional
services. The company has abolished complimentary catering on
its European network. The policy will not affect British Airways
passengers who are booked on "code share flights"
(EI127 /BA329 for excample) that operated from London Heathrow
to Dublin, Cork and Shannon. British Airways has negotiated
for its passengers to be exempt from the charge. August 2006
Back
to top See
also Code Share Flights
Property
Boom in France
Property
investors are receiving an average 92 per cent return on their
investments in property in France. Property investments in France
are outperforming those in the UK, Spain and Florida-USA according
to a study by property investment specialist Assetz. Florida
was second with 81 per cent. The UK stands at just 35 per cent.
August
2006
Back
to top
Delta Air Lines
now has a non-stop scheduled flight between Nice and Atlanta,
USA and Sky Europe starts a service to Prague in the Czech Replublic.
Delta
Airlines have announced
a new regular service between Nice and Hartsfield Jackson. They
can now connect with 145 daily flights to over 130 cities around
the world. This development takes place less than fifteen years
after the Nice to New York (JFK) service was established.
The low cost carrier Sky Europe started a service to Prague
in April. There are three flights a week. The company started
in 2001. July 2006
Back
to top
Villeneuve-Loubet
promotes itself as a family resort on the French Riviera
Villeneuve-Loubet
as numerous tourist assets. There are seven thousand hotel beds,
two natural parks, the Canyon Forest, self catering holiday
apartments and villas, the Labyrinthe de L'Aventure, a riding
club, a castle, river and of course the Mediterranean Sea. The
municipality has decided to promote it's family image by putting
a great emphasis on young children. Back in 2004 the town became
the only commune on the PACA region coast to be awarded the
"Station Kid" label (This is a Ministry of Tourism
label taking into account the quality of the environment, security,
facilities and activities for Children). There is going to be
a big poster campaign. July
2006
Back
to top
European
Estate Agents sign up to an International Code of Practice
There
have been more than 40,000 Estate Agents throughout Europe who
have chosen to conform to a code of practice that was originally
developed by the National Association of Estate Agents (NAEA)
and FOPDAC. This is the Federation of Overseas Property Developers
Agents and Consultants. It was established over 30 years ago.
All members of the European Confederation of Estate Agents (CEI)
will now belong to the this new International Code of Practice.
This will also include recently joined EU members like Slovokia
as well as France, Ireland, Germany, Spain, Portugal Italy,
Romania, Holland, Hungary and Austria.June 2006
Back
to top
Airline
tax in France
From
1st July 2006 France will be imposing a taxe de solidarité on
airline tickets to contribute to the financing of developing
countries. When passengers take flights from France they will
pay a maximum of1 for economy class and 10 for business
class for inter European flights. If they are non-European flights
the tax will be 4 for eceonomy and 40 for businees
class. This tax is expected to raise over 200 million euros.June
2006
Back to top
Ryanair
chooses Marseille as south of France base and Jetairfly continues
it's north - south routes into the winter.
The
low cost airline Ryanair plans to make Marseille its 16th "hub"
base. It will base aircraft there and operate routes from November
2006 to Dublin, Eindhoven,Brussels Charleroi, Fez in Morocco,
Glasgow, London Stanstead, Rome Ciampino and other locations.
Meanwhile Jetairfly airlines have announced that due to popular
demand they will continue their Brest-Toulon flight into the
winter.The service started in April 2006. The company is part
of Jetair, Belgium's leading tour operator. It is known in France
as Nouvelles Frontières - TUI France and Corsair. June
2006 Back
to top
Corsica
Ferries Celebrated their 10th anniversary in May 2006
In
1996 Corsica Ferries ended the SNCM monopoly of crossing to
Corsica. On the 22nd May they celebrated in the port of Nice.
The company carried 2.7 million passengers in 8,000 trips or
more in ten years. There are now how speed ferries ( NGV's)
and of one million passengers travelling between Nice and Corsica
in 2005, 750,00 went by sea. May
2006
Back to top
Ikea
site is being opposed
Plans
that have been submitted by the Swedish furnishing store IKea
are being opposed. These were unveiled in February to build
the the news tore near Mougins. The Association for the Defense
if the Quality of Life of the Inhabitants of the Saint Martin
Quarter of Mougins and its Neighbours (ADCV) was formulated
on March 7th. Ikea plans a 20,000 square metre store in the
Saint Martin ZAC ( Zone d' Aménagement Concerté ) area. The
Mayor of Mougins Richard Galy believes that increased traffic
will benefit the area financially and supports the project which
should create around 500 jobs in the area. The ADCV believe
that stote will have a negative effect on the local and regional
economies. They say it will cause more traffic polution and
lower the quality of life for residents. The nearest Ikea stores
to the area are at Toulon and Marseilles. May 2006
Back to top
2005
Property Market in the South of France
The
Observatoire Immobbilier de la Côte
d'Azur for the Alpes Maratimes - the body that monitors the
property market has published the statistics for 2005. Prices
have been at an all time high with a 21 percent increase in
2005. There has been an 18 percent increase in the average price
of new buildings that have come onto the market and the trend
appears to be continuing into 2006 with the average price already
being 14 percent more expensive than previously. Although prices
have risen the number of sales appears to have stagnated. There
has only been a 0.5 per cent increase in the sale of properties
whilst the stock available has increased. People buying in the
region are a mixture of French, foreigners - They are buying
for second homes, retirement or investment. On the commercial
side there are projected office buildings in Nice with up to
320,000 square metres to be developed in the north of the airport
at L'Arenas and Méridia.
May
2006
Back
to top
French
Property prices rise by 10.3 per cent in 2005
Average
property prices in France rose by 10.3 per cent in 2005 according
to the French National Association of Estate Agents (FNAIM).
The price of property rose strongest in Auvergne, Basse-Normandie,
Le Centre, Champagne-Ardene, Franche-Comté, Haute-Normandie,
Languedoc-Roussillon and in Lorraine. The East and North also
continued to see rising prices. May
2006
Back
to top
Pets
in Apartments in France
A
correspondent of The Riviera Reporter has written to
the magazine saying that under French law a person renting a
property has a right to keep a dog. This person ows a time share
in Antibes and although other residents are permitted to keep
dogs, their time share company refuses consent. The Riviera
Reporter has replied that under normal circumstances
no one can forbid them from keeping an "animal del compagnie"
(domestic pet). According to the law dated July 10th 1970 -
you can keep several animals - within "reasonable limits"
- except for certain categories of dangerous animals and dogs
oulined in the revised law of January 6th and April 27th 1999.The
only types of dogs that can be forbidden outright under the
terms of these laws are Pitbulls, American Staffordshire Terriers,
Staffordshire Bull Terriers,Boerbulls and Tosa Inus. Under the
law you are required to prevent your dog from disrupting the
tranquility of your neighbours by barking or foul odours. The
dog must not cause any physical damage to the building or gardens
and communal areas.April 2006
Back to top
Flights
now avaible between Nice, Cork, Dublin and Belfast
Starting
on the 1st April 2006 Aer Lingus will be flying to Dublin
from Nice on Monday, Wednesday, Friday and Sunday and to Cork
on Friday and Saturday. The frequencies will be increased in
the summer. easyJet will have flights to Belfast on Monday,Thursday
and Saturday.April
2006 Back
to top
The A8 motorway
is becoming like the M25 in England
The
Autoroute A8 between Antibes and Nice will become grid locked
by 2020 and is France's busiest stretch of motorway. It is one
of the most dangerous with 2.5 more accidents than the national
average. The section that leaves the cost and heads north just
before the airport is quite a black spot. A plan is under public
discussion. It is called the contournement de Nice and the objective
is to either create two tunnels between Nice est and Vaugrenier
and a doubling of the A8 between Antibes and Biot or create
two tunnels between Nice est and Breguières with one intersection
and exit north east of Sophia Antipolis. The third option is
to widen the A8 between Nice est and Nice Saint-isidore. It
will take several years before studies and consents are agreed
and construction work probably not starting till 2012. January
2006 Back
to top
Now
is the time to get your swimming pool in order
The 2003 law regarding swimming pools in France comes
into force on January 1st 2006. This specifies that all private
pools without exception should be equipped with a safety installation,
designed in particular to protect children. Failure to observe
the new rules could bring a fine of 45,000 euros. There appears
to be no system of routine inspection in force, however if you
try to rent out your property through an agency, you could well
have difficulty if you have not applied for the new security
measures. If there is an accident in your "unprotected" pool
you could be in big trouble. In 2002-2004 there was an average
off 22 deaths a year in France by drowning in pools.
November
2005 Back
to top
Cautious
optimism for the French Riviera
As
there is now increasing competition from the resorts in Eastern
Europe and the growing influence of low cost airlines, the French
Riviera is now struggling to maintain market share in
the tourism industry. The strong Euro had not helped and Eastern
Europe has more availability and is less expensive.
Tourism
industry experts are a little more optimistic after the 2005
season. In Nice for example there was a 4 per cent increase
in hotel guests in July compared to the same time in 2004 according
to the Syndicat des hôteliers Nice Côte d'Azur. They indicated
that the hotel occupancy in Nice was at around 70/75 per cent
in 4 star and deluxe hotels and 80/85 per cent in other categories.
There
are several factors contributing to the upward trend. There
are now low cost routes into Nice from Bratislava and Budapest
and the Euro is not quite as strong as it had been. The region
has been using the Internet more for promoting travel packages
with the annual events like jazz festivals and there has been
a change in which hotels have adapted to the needs of their
customer base.
The
main visitors to the region are principally foreign tourists
from Britain, Belgium and Germany and more Americans are returning
to France. Nice Côte d'Azur airport has reported a 6 per cent
increase in passenger traffic. There is also a booming cruise
liner market with Monaco
and
Cannes reporting
a 55 percent cent rise in passengers. They still have a long
way to go before they regain their previous dominance and the
job now is to keep people interested.
New directives reveal that the future of regional tourism is
believed to be concentrated on two main markets. Leisure - affiliated
with events, special interest tours and cultural highlights.
events. The other is Business tourism - Conferences.
September 2005 Back
to top
The information
provided here on The Property News page is given in good faith
and should not be relied on for accuracy
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