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Sale of real estate in France: you can buy palaces, castles and fortifications

France began a massive sell-property state. In the next three years will go under the hammer lands, fortifications, castles, palaces and mansions, located in the province, and in the heart of Paris, who previously held the ministries and departments.

Russian experts acknowledge that such investments can be good dividends, but do not advise the Russians to invest in such assets.
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Real Estate Agency France Domaine, engaged in the sale of state property to auction more than 1,700 possessions belonging to the government. According to l'Express, real estate, castles, land, hotel in the VII arrondissement, office buildings in the heart of Lyon, Bordeaux or Marseilles - it will all be sold within three years.

French authorities last year said they will conduct an audit of all state property and put up for sale everything that is not used. Thus, Treasury wants to replenish its budget, which because of the financial crisis, a giant hole. By the way, according to 2009 estimates, the state owns the property at a huge amount - 60.4 billion euros.

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To arrange a clearance sale has prompted officials example abandoned prison of Saint Joseph and Saint Paul in Lyon. In one of them at one time sat "butcher of Lyons" - Lyon Gestapo head Klaus Barbie, who was sentenced to life imprisonment and died in prison of cancer.

Prison for a long time empty, only occupying an area of ​​2 hectares in the heart of Lyon. But at the end of last year a private company won a tender for 25 million euros and has promised to transform the prison into a Catholic School in Lyon, offices and residential apartments. Naturally, the architecture will then be saved.

In the end, trying to sell more assets, the French authorities decided to resettle the officials of the center of Paris in the cheaper areas of the city, and in some cases and at all out of town. For example, customs management had to leave the luxury apartments of the XVII century in the heart of Paris and moved to Montreuil.

The following year, a historic building on the square Bovo in the French capital will leave the Ministry of Internal Affairs and it will be for sale. A Naval Staff was asked to release part of the building Hotel de la Marine, located near the Louvre.

Moreover, officials decided not to simply move to the suburbs, but also sealed. For example, if each of the previously Officials believe at least 17-18 square meters. m, with a bar last year dropped to 12 kV. m. Such a review of state policy allowed the release of approximately 500 buildings in the heart of various cities in the country.
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Castles will go under the hammer

"The various castles and other historic buildings that represent some historical interest, a rather interesting object for investment, but not for every investor," - said EUROMAG director of overseas property investment company IntermarkSavills Igor Indriksons.

"It's very, very long-term investments", - he added, recalling that in the 60's and 70's in France lock can be purchased for a nominal sum.

"But the investor was required to restore and maintain a decent condition. And this is a huge burden on the owner. In addition to everything else, in some cases, the owner still must start to his castle tourists "- explained Indriksons.

But now the government removed many restrictions for owners who purchased a property at the time. "And some, such as turning a building in Paris at the hotel, make huge money on this now" - he assures.

Partner, Director of Residential Real Estate Chesterton Ekaterina Thain said that the interest for investors may be only those historic buildings that are located in Paris or the south of France, that is, where there is demand for conventional real estate. "Other facilities in the majority in terms of investments are not of interest" - she assures.

"You have to understand that the historical value of the building will create some difficulties in agreeing alterations and other changes since the law of France, all these aspects clearly defined" - she explained the magazine EUROMAG.

According to her, these objects become mostly those who want to buy this historic monument. "And the buyers are aware of the intricacies of its operation and do not consider this investment as an investment, despite the fact that in a good location, such objects can grow in value, but only slightly," - added Ekaterina Thain.

buy house in france / real estate nice / real estate in france