Buying a castle or owning a castle can be a daunting task, but like any real estate business, it takes a little thought. If you plan to buy repairs that require repairs, set a larger budget. It’s no secret that one of the reasons there are so many “businesses” is the high cost of repairs and ongoing maintenance. Restructuring the lock costs an average of 1,000 euros per square meter. Most people dream of owning a castle, but they can. The historic castle can be restored as a livable place if you are willing to make some improvements. Ile-de-France, literally the “French island”, is the most populous region in France. It is located in the capital of Paris, in the north-central part of the country, often called the Paris region English: Paris region). France’s population is densely populated and maintains an important economic position on the national stage. It covers only 12,012 square kilometers (4,638 square miles), but represents about 2% of the French metro and is estimated to have 12,278,210 passengers in 2020. about one-fifth of the total national population.
The French economy accounts for a third of France’s gross domestic product (GDP).These regions are Paris, Essonne, Haut-de-Saint, Saint-Saint-Denis, Saint-e-Marne and Val-de-Marne), Val-d’Oise and Evelin. It was founded in 1961 as the “Paris Quarter”. In 1976 it was renamed the historic province of Ile-de-France, whose status coincided with the French administrative division established in 1972. The resident is also called Francolins, an administrative term coined in the 1980s. In 2018, the region’s GDP reached EUR 738 billion ($ 882 billion in market exchange rates). It ranks third in terms of GDP per capita in all regions of France and all regions of the European Union. The Ile-de-France region alone accounts for 5% of EU GDP, which is only about 2.7% of the EU population. The 28 French companies in the 2018 Fortune Global 500 are in France de France. In addition to the urban borders in the city of Paris, there are many other important historical places in the area, including Vassals and Fonteyblocks, as well as tourist attractions in France and Disneyland Paris.
Although it is the richest region in France, a significant proportion of its inhabitants live in poverty. The official poverty rate in Ile-de-France was 15.9% in 2015. The region has seen an increase in income inequality in recent decades, and rising house prices have become less rich. Outside Paris. In 2018, Paris produced 738 billion euros (882 billion dollars at market rates), or about a third of the French economy , while Paris, the largest metropolis in Europe, including London, had a savings of about $ 10 billion. Third. French GDP, or about $ 1 trillion. The region’s economy is increasingly moving towards high-value-added services (financial services, IT, etc.) and advanced production (electronics, optics, aerospace, etc.). In 2014, this industry accounted for less than 5% of businesses operating in the region and 10.2% of employees. Trade and services account for 84% of businesses in the region and 83.3% of employees. Financial services and insurance are important sectors of the local economy.
The region is home to major French banks and insurance companies such as BNP Paribas, Society General, and Credit Agricola. The region is also home to the headquarters of major French telecommunications and utility companies, including Orange S.A., Veolia, d EDF. The French stock exchange, now called Euronext Paris, is housed in a historic building in the heart of Paris and is the fourth largest stock exchange in the world after New York, Tokyo, and London. Other important sectors of the region’s economy include energy companies (Orano, Engie, Électricité de France, and Total S.A.). The two largest carmakers in France, Renault in Flint-Sursen and the PSA group in Poitiers, carry out most of their assembly work outside France, but the region still has large research centers and factories. The main French and European aerospace and defense companies in the region, including Airbus, Thales Group, Dassault Aviation, Safran Aircraft Engines, the European Space Agency, Alcatel-Lucent, and Arianespace, have high stakes. The energy sector is also well developed in the region. The largest nuclear power plant in Orano is headquartered in Ile-de-France, France’s leading oil company Total S.A., France’s leading Fortune Global 500 Company, and the large electricity company Électricité de France. Engie Energy’s regional headquarters are also located in La Defense.
Importance of Chateau for Sales in Île-de-France
With a record 23.6 million visitors to hotels in the area in 2017 and approximately 50 million visitors from all types of accommodation, Ile-de-France is one of the most popular tourist destinations in the world. The United States received the most tourists, followed by the United Kingdom, Germany, and China. It became the third most visited city in the world in 2017, after Bangkok and London. Disneyland Paris was the most popular tourist destination in the region in 2017, with 14.8 million visitors, followed by Notre Dame Cathedral (estimated at 12 million) and Sacramento Cathedral in Montmartre (estimated). 11.1 million Visitors). Palace of Versailles (7,700,000 visitors), Fontainebleau Palace (500,000 visitors), Château de Vaux-le-Visconti (300,000 visitors), and Château de Malison, Napoleon’s former residence; and the Basilica of Saint-Denis, where the kings of France were buried before the French Revolution.
A French Chateau may be purchased for less than a Paris apartment, but don’t expect to live like a princess. Karen Horne and her husband Paul were originally drawn to Chateau La Perrier after seeing it advertised in the media. The Hornes, who live in the United Kingdom but are married in France, planned to visit the estate on their next vacation. Ms. Horne describes their 2004 journey to France as “basically simply going over to France to look at this property because we were curious.” “We had no idea of purchasing a château.” They stayed at the château for over six hours that day and made an offer shortly after. Ms. Horne stated, “We were quite amazed at what you could have for your money.” With long-term aches and pains, as well as hefty bills The French, understand why these assets appear to be so inexpensive: The castles are a waste of money. They need regular maintenance. The lower-cost ones are frequently found in remote places, far from the local railway station or supermarket. They use a tremendous amount of energy.
Experts say that despite restorations, a chateau’s value may never grow. Few French people desire a château. Their lack of interest is compensated for by enthusiastic foreigners, some of whom make hasty purchases without understanding the risks. According to Patrice Besse, the CEO of a Paris-based historic property brokerage, the epidemic has prompted an upsurge in the number of persons looking for chateaus. Sales at his agency climbed by 40% from 2019 to 2020. His sales for 2021 had more than quadrupled since this time last year. Foreigners account for 15% of his sales. Mr. Besse stated, “The market is highly active.”
Chateau La Perrier, an hour’s drive from Tours in the Loire Valley, was “completely and utterly disheveled” when the hornets purchased it. The exterior needed to be repaired. The boiler had to be replaced. Peeling wallpaper and worn carpeting adorned the bedrooms. She explained, “We never saw it as it was back then—we saw it as it is now.” “When we look back at the photos, we’re often taken aback and think to ourselves, ‘Oh, we purchased that?”
Sunita and Andrew McDonald bought a 40-room chateau in the Pyrenees in October 2019, for less than the asking amount of €280,000. They were willing to put up the same amount of money for improvements. “It was dubbed ‘The Wreck,'” Ms. McDonald explained. There was no power or running water in the château. The floor had fallen in some rooms. It had been 30 years since anyone had resided there. The McDonalds and their three children moved from their home in England to the chateau in March 2020, carrying two cars, a week’s worth of clothes, and some construction materials with them.
With the coronavirus spreading across Europe, France went into lockdown two days after they landed. The McDonalds figured there was no way they could travel 1,000 kilometers to the north of France and take a boat back to England before the borders closed. As a result, they chose to “hunker down” at the chateau.
Tips for Buying Chateau in Paris
Purchasing a house in France is a dream for many people, and it is something they have been planning for many years. That is especially true when the property in question is a château rich in beauty and history.
Purchasing a French chateau might seem like purchasing a piece of French history; picture the nobles, kings, and queens – and their lovers – living in magnificent castles. It’s an honor to own a piece of the local landscape and be in charge of its maintenance. When you start buying a French castle, the options may seem daunting. France is a great country with a long history, so there are many attributes to choose from. The good news is that prices can be affordable if you know where to look and how to use your budget effectively. To get started, here are the tips for buying a French castle.
Remember the Age
There is a big difference in the era of French castles. Some areas are relatively recent in construction and often have much older buildings than larger ones. Each has its characteristics, and some have been significantly modified over the years by previous owners. Think about what is important to you. An immediate mobile location, buying a padlock for repairs, or something in between. Do you want a simple, old character? Or do you want a sweet note of the latest flavor? Think down to earth. Many castles, especially in the Loire Valley, will be part of an area with large areas arranged as vineyards and used for wine production and sold in bottles. This can be very useful if you want to make your wine or rent land to local farmers. Although it is not vine-rich land, owning the land allows you to build a swimming pool, fish in the river that flows through the pool, or relax and enjoy the local wildlife. However, you need to be realistic about the amount of time you want to spend in that area, taking into account the maintenance that comes with owning a large area.
Choose the right region
One hour to the airport from the nearest “bakery” on foot, each has its advantages and disadvantages of a beautiful house in France. Fortunately, there are plenty of castles all over the country and you can find what you need. Before making your choice, check the local cities and towns in your area, as well as flights, ferries, and other modes of transportation. Many castles were built a short distance from Paris so that the owners could move to and from Paris. It’s just as attractive today. If you are thinking of using your property as a holiday rental or hotel, the time you spend finding the right place will be useful in the long run. Because it is more attractive to guests.
Discover your potential
Many castles have many bedrooms, outbuildings, and living rooms that can be used to reach new owners. From hotels to holiday rentals, if you want to receive paying guests at your hotel, consider the practical possibilities when looking. You may want to keep your visitors as part of the building away from your space.
Consider access and parking
Check with a professional broker about the revenue you can generate before making a decision. Use the right real estate agent: If you’re unfamiliar with French, it’s a good idea to seek help from a bilingual real estate agent or someone familiar with real estate transactions in France. Most French real estate agents have English-speaking people, but it may not be enough to show you that buying foreclosed real estate can be difficult.