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The role of notaires in French property transactions: change on the horizon?

Lawyers do not handle real estate transactions in France. This is the job of notaires, public officials with specialized legal training appointed by the Minister of Justice. Now, the notaires’ fee structure is under review and their monopoly may be ended.

The role and remuneration of notaires in France

The role of the notaire is time-honored and highly respected. Notaires also handle other areas of law, such as family and inheritance law. Their involvement ensures that legal acts are legitimate and authentic.

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Lamarck-Caulaincourt apartment for sale in Paris; 75018

This cozy 1 bedroom apartment, with balconies offering views of Parisian rooftops, is located in Montmartre near the town hall of the 18th arrondissement in a lively and up an coming neighborhood. It is situated on a quiet street lined with Haussmannian buildings, yet is close to transportation, restaurants and shops.

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A new French residential property price index launches in September 2014

A new French residential property price index is to be launched in September 2014. Its creator is Michel Mouillart, a professor of economics at a Paris university and director of the Housing Credit Observatory. He claims that it will provide more up to date information than existing data.

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Arc de Triomphe apartment for sale in Paris; 75116

This elegant and sunny 2 bedroom apartment is well located near the Arc de Triomphe on a quiet street off Paris’ grand avenue Foch.  It is on the 4th floor with elevator of a beautifully maintained ornate 19th century building.

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Place St. Georges apartment for sale in Paris; 75009

This sun-filled 1 bedroom apartment with balcony is located off the rue des Martyrs near the charming Place St. Georges in the 9th arrondissement. On a quiet street, it is in close proximity to the many shops and restaurants in this lively neighborhood.

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Norway’s oil fund has bought Le Madeleine office and retail complex in Paris for €425.6 million

The world’s biggest sovereign investment fund, Norges Bank Investment Management, has bought Le Madeleine building in Paris for €425.6 million ($570 million) from a fund managed by Blackrock Inc.

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French property prices remain stable in the short term but are forecast to rise in 2015 and 2016

The Notaires de France (officials who handle property transactions) indicate that French property prices were stable at the end of May.

In advance of their quarterly analysis for the 2nd quarter of 2014, the notaires’ bulletin shows that prices in Paris saw a slight decline of 0.2% between February and May. As ever, these figures conceal wide variation among and within arrondissements (districts).

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The market for super-luxury properties in Paris remains buoyant

Super-luxury properties in Paris with a price tag of €10 million or more remain highly sought-after, according to property experts. Most buyers at this level are ultra-high net worth foreigners with assets of more than €25 million. This trend is predicted to increase.

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Around Faustine’s desk on the Rive Gauche: an interview with Philippe Chupin, founder of shop and gallery SIECLE

This is the next in the series by our office manager Faustine Cressot, giving you regular glimpses of the neighborhood around her desk on the rue de Verneuil. An interview with Philippe Chupin, founder and creator at SIECLE, a gallery and shop that sells tableware, home accessories, and gifts.

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