Real Estate Investing In France

“Kathleen, how do you define a 30-square-meter property? Does this mean one side is 30 meters and the other is also 30 meters, rather than the mathematical definition that one side is the square root of 30? It makes absolutely no sense for the properties you describe to have multiple rooms if indeed these properties are 30, 50, 60 square meters.

I quote from your newsletter:

“And a 65-square-meter renovated village house, opposite the river, in a bright situation. Pretty living room, two bedrooms, bathroom, equipped kitchen, big garage (an old ‘cave’ where the original wine grower brought his grapes). Asking 96,000 euro (US$122,000).

“And, finally, a 50-square-meter renovated village home with two bedrooms, a bathroom, and a living room/kitchen, listed for 80,000 euro (US$102,000).’

“I’m baffled by how you could fit all this into 50 square meters? Maybe you could include floor plans or drawings
in some of these descriptions?”

— Cameron M., United States

We didn’t come up with the definition of a square. Ours is the same as yours, and 30 square meters is 30 square meters. The easiest calculation would be a 5 meter by 6 meter rectangle, for example, but it’s rarely that simple.

Note that we didn’t report on a 30-square-meter house or apartment. The smallest among our reported listings was
50 square meters. That said, 30 square meters would not be out of the question in France or elsewhere in Europe. That could be a large studio or a small one-bedroom apartment in this part of the world.

My daughter is living in a two-bedroom apartment in New York that is about 50 square meters (that is, 550 square feet). The bedrooms are small, as is the combined living room/kitchen area.

This is how not only New York students but also many Europeans typically live. I’d say that 50 square meters is probably the smallest space into which you could fit two bedrooms, and, living in 50 square meters, you couldn’t have all the stuff that Americans tend to accumulate.

Here’s another perspective. We have a one-bedroom loft apartment in Panama City that we rent out. It is 120 square meters. We also have a three-bedroom apartment
in Paris (that we also rent out). It’s 112 square meters.
The loft has lots of wasted space. The Paris apartment has none (and, yes, the third bedroom is very cozy).

If you’re looking for spacious living, Europe isn’t the place unless you have a big budget. You can find more expansive houses and apartments, but those added square meters come at a cost.

Continue Reading: Global Real Estate Investing For Asset Protection

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