June 29 , 2016 ,Posted by: Admin

Paris & France floods & storms could cost insurers over EUR2bn: MAIF


The insurance coverage industry expense from serious flooding and storms impacting Paris and surrounding regions of France will be as much as EUR2 billion ($2.3 billion) or more, according to Pascal Demurger, director general of French shared insurance providers group the MAIF.


Speaking with news firms yesterday, Demurger stated that his Organisation (the Mutuelle d Assurance des Instituteurs de France) believes that the costs for insurance coverage and possibly reinsurance markets to pay for will be at least 3 times that seen in the 2015 southeastern France floods, which cost around EUR600m.






CFrance protests: Dozens detained in clashes with police


At least 77 people have actually been apprehended across France during labor reform demonstrations, which drew in a projected 18,000 demonstrators in the French capital buy french vineyard.


In Paris, demonstrators screamed anti-government slogans and sirens wailed in the background, as the march advanced on Thursday from the Bastille plaza through eastern part of the city. Police fired tear gas at demonstrators and made numerous arrests of people accused of property damage.





June 29 , 2016 ,Posted by: Admin

Foreign purchasers avoid French property market


While Brits remain the biggest foreign buyers in France, foreign own a home figures are down across the board. Non-resident foreign purchasers just snapped up 1 percent of French properties that were offered in 2014, figures that have actually dropped virtually threefold over the last 10 years.


A fresh French property market report from Les Notaires has discovered that the proportion of non-resident foreign purchasers has actually fallen dramatically in France. After a peak of 2.8 percent in 2006-2007, the figure dropped to 1.4 percent in 2014 and after that down to 1 percent last year.






  • July 2014
  • June 2014
  • May 2014



    The report noted that foreign purchasers were most represented by those from the UK - by far. British purchasers made up 32.6 percent of the overall non-resident buyers in France last year.

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