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 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 26d 23h 37m Buy It Now for only: $5.99 |
 FRENCH QUARTER LACE PRINT BY DON DAVEY NEW IN PLASTIC WITH BLACK MAT $5.99 Time Remaining: 6d 3h 50m |
 New Orleans Garden District French Quarter Streetcar Artwork Matted Print $5.99 Time Remaining: 26d 23h 37m Buy It Now for only: $5.99 |
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 Four Signed Color Prints FRENCH QUARTER New Orleans Don Davey 1960s $17.50 (1 Bid) Time Remaining: 5d 21h 19m |
 Louisiana New Orleans French Quarter 70 year old Print $24.95 Time Remaining: 29d 4h 54m Buy It Now for only: $24.95 |
 New Orleans Blues French Quarter Artwork Matted Print $5.99 Time Remaining: 4d 12h 43m Buy It Now for only: $5.99 |
 THE FRENCH QUARTER $9.95 Time Remaining: 6d 17h 50m |
 Louisiana New Orleans French Quarter 1890s Print $24.95 Time Remaining: 29d 4h 51m Buy It Now for only: $24.95 |
 New Orleans Garden District French Quarter Streetcar Artwork Matted Print $5.99 Time Remaining: 1d 23h 35m Buy It Now for only: $5.99 |
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 LOUISIANA New Orleans French Quarter 1927 Gravure Print $59.95 Time Remaining: 29d 4h 54m Buy It Now for only: $59.95 |
 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 13d 17h 20m Buy It Now for only: $5.99 |
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 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 13d 17h 20m Buy It Now for only: $5.99 |
 Dong Kingman SIGNED print The French Quarter New Orleans $35.00 Time Remaining: 29d 15h 36m Buy It Now for only: $35.00 |
 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 13d 17h 20m Buy It Now for only: $5.99 |
 Goldy YOUNG New Orleans FRENCH QUARTER AT NIGHT 20x24 $69.98 Time Remaining: 33m |
 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 22d 19h 1m Buy It Now for only: $5.99 |
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 Goldy YOUNG NEW ORLEANS FRENCH QUARTER AT NIGHT 24x 36 $69.98 Time Remaining: 33m |
 New Orleans Garden District French Quarter Mardi Gras Mask Artwork Matted Print $5.99 Time Remaining: 8d 18h 17m Buy It Now for only: $5.99 |
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 Large Framed French Quarters New Orleans Market Watercolor Signed Print $39.00 Time Remaining: 2d 19h 40m Buy It Now for only: $39.00 |
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 The French Quarter New Orleans Artwork Matted Print $5.99 Time Remaining: 12d 21h 39m Buy It Now for only: $5.99 |
 New Orleans Garden District French Quarter Streetcar Artwork Matted Print $5.99 Time Remaining: 22d 19h 2m Buy It Now for only: $5.99 |
 Goldy YOUNG NEW ORLEANS FRENCH QUARTER AT NIGHT 24x 36 $69.98 Time Remaining: 33m |
 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 22d 19h 1m Buy It Now for only: $5.99 |
 New Orleans Garden District French Quarter Mardi Gras Mask Artwork Matted Print $5.99 Time Remaining: 8d 18h 17m Buy It Now for only: $5.99 |
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 Goldy YOUNG NEW ORLEANS FRENCH QUARTER AT NIGHT 24x 36 $69.98 Time Remaining: 33m |
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 New Orleans Garden District French Quarter Mardi Gras Mask Artwork Matted Print $5.99 Time Remaining: 16d 17h 9m Buy It Now for only: $5.99 |
 Goldy YOUNG NEW ORLEANS FRENCH QUARTER AT NIGHT 24x 36 $69.98 Time Remaining: 33m |
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 Goldy YOUNG NEW ORLEANS FRENCH QUARTER AT NIGHT 24x 36 $69.98 Time Remaining: 33m |
 New Orleans French Quarter Mardi Gras Mask Costume Artwork Matted Print $5.99 Time Remaining: 8d 18h 17m Buy It Now for only: $5.99 |
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 Goldy YOUNG NEW ORLEANS FRENCH QUARTER AT NIGHT 24x 36 $69.98 Time Remaining: 33m |
 New Orleans French Quarter Mardi Gras Mask Costume Artwork Matted Print $5.99 Time Remaining: 22d 19h 1m Buy It Now for only: $5.99 |
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 NEW ORLEANS FRENCH QUARTER SIGNED LIMITED EDITION PRINT FRAMED BEAUTIFUL $45.00 Time Remaining: 27d 13h 50m Buy It Now for only: $45.00 |
 New Orleans Garden District French Quarter Louisiana Artwork Matted Print $5.99 Time Remaining: 8d 18h 17m Buy It Now for only: $5.99 |
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 KSING FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
 New Orleans Garden District French Quarter Mardi Gras Mask Artwork Matted Print $5.99 Time Remaining: 8d 18h 17m Buy It Now for only: $5.99 |
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 New Orleans French Quarter Mardi Gras Mask Costume Artwork Matted Print $5.99 Time Remaining: 13d 17h 20m Buy It Now for only: $5.99 |
 KSING FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
 New Orleans French Quarter Mardi Gras Mask Costume Artwork Matted Print $5.99 Time Remaining: 8d 18h 34m Buy It Now for only: $5.99 |
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 KSING FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
 VINTAGE Mid CENTURY New Orleans FRENCH Quarter Cityscape Watercolor by JR Price $175.00 Time Remaining: 23d 13h 42m Buy It Now for only: $175.00 |
 NEW ORLEANS French Quarters Painting by JOSE CAMPUZANO $3,500.00 Time Remaining: 19d 31m Buy It Now for only: $3,500.00 |
 KSING FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
 The Eureka Brass Band French Quarter New Orleans 1962 $8.99 Time Remaining: 6d 15h Buy It Now for only: $8.99 |
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 KSING FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
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 KSING FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
 NEW ORLEANS ARCADE SHELL ROAD FRENCH QUARTER 1883 Print $45.00 Time Remaining: 10d 14h 23m Buy It Now for only: $45.00 |
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 KSING Flags in FRENCH QUARTER NEW ORLEANS $69.98 Time Remaining: 1h 21m |
 ART PRINT French Quarter Seth Romero $20.95 Time Remaining: 5d 19h 35m Buy It Now for only: $20.95 |
 LITHOGRAPHFRENCH QUARTERS ARCHITECTUREHOFFMAN $28.83 Time Remaining: 21d 22h 53m Buy It Now for only: $28.83 |
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 KSING NEW ORLEANS FRENCH QUARTER $69.98 Time Remaining: 1h 25m |
 Street in French Quarter of New Orleans 1924 Louisiana $8.99 Time Remaining: 8d 13h 49m Buy It Now for only: $8.99 |
 36x24 FRENCH QUARTER COURTYARD I by BETSY BROWN BUILDING VINES TREES CANVAS $169.00 Time Remaining: 13d 12h 11m Buy It Now for only: $169.00 |
 KSING FRENCH QUARTER NEW ORLEANS LA $69.98 Time Remaining: 1h 21m |
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 1966 Portfolio 4 Sketches of French Quarter New Orleans D Davey $49.00 Time Remaining: 23d 16h 22m Buy It Now for only: $49.00 |
 1991 MATT RINARD SIGNED NUMBERED NEW ORLEANS FRENCH QUARTER FESTIVAL $291.83 Time Remaining: 1d 1h 3m Buy It Now for only: $291.83 |
 DON DAVEY FRENCH QUARTER NIGHTS NEW ORLEANS SIGNED 1987 AUTHENTIC SKETCH $29.99 Time Remaining: 6d 12h 5m |
 Amzie Adams Artist New Orleans French Quarter photo art print doorway top hat $85.00 Time Remaining: 23d 20h 44m Buy It Now for only: $85.00 |
 FRENCH QUARTERS RESTAURANT ANTIQUE CAFE DINER WAITERS $45.00 Time Remaining: 22d 16h 49m Buy It Now for only: $45.00 |
French Quarter
French Property market update - April 2009
The last market review published by the Fédération Nationale de l'Immobilier (FNAIM), which is the French National Federation of Real Estate Agents, confirmed the general trend with price reductions during the 1st quarter of 2009 but emphasise on the fact there is no risk of a property crash.
According to an internal survey carried out by the FNAIM (260 estate agents participated to it), their turnover for the 1st quarter of 2009 is down by an average 30% compared to the 1st quarter of 2008. An article published in the French newspaper "Le Monde" (mentioning the FNAIM market report and a report from the French notaires) indicates that the notaires activity in 2008 decreased by 20% compared to the previous year. The whole resale market decreased by 17%, from 802,000 in 2007 to 667,000 in 2008. New build sales dropped by 37.6% (79,400 in 2008 against 127,300 in 2007).
As a consequence, the major French property developers decided price reductions on most of their developments during the 4th quarter of 2008 and the 1st quarter of 2009 by 10 to 20%.
The FNAIM mentions that the French government took several actions to revitalize the
French New Build market but haven't put in place significant actions for the resale market. This can be easily explained by the Notaire figures previously mentioned. Thus, the recent tax incentives dedicated to French taxpayers such as "Loi Scellier" have boosted the
French investor market. It can be noticed by looking at the property developer quotations on the Paris stock exchange such as Nexity which has increased by 76.22% since 01st January 2009. It also explains why it is proving more and more difficult to get further discounts on New build and Off plan properties in France.
The resale market:
The financial earthquake and the brutal degradation of the global economy had an impact on the resale market, but not comparable to the one seen in the UK or the US. The number of transactions carried out by estate agents dropped on average by about 25% whereas the end of the price rise was favourable to the solvency support of the demand (+1.5% on average each year between 2005 and 2007) and compatible with the support of high level of activity, close to 700.000 transactions per year.
The property market, a slow price decrease, but no risk of a crash
Without surprise, decrease in price of resale properties was confirmed during the 1st quarter of 2009, on the apartments (- 0.4%) and houses (- 1.7%). However the decrease has been less sharp as a whole (- 1.0%) that those recorded within the 3rd quarter 2008 (- 2.9%) and the 4th quarter 2008 (- 6.5%). The transactions carried out during the 1st quarter 2009 were concluded at prices 9.8% lower compared to the sales realised during the 1st quarter 2008.
In the countryside, declines that occurred in 2008 are reflected in the prices: -7.7% and -6.1% respectively to the East and West part of France, -6.4% in the South-West, -8.8% in Centre and the Alps, -11.2% in Paris Ile-de-France and -13.3% in the South-East. With the image of the price evolution recorded on the Parisian market (- 4.9% over one year), there is no doubt that much of sellers have now agreed to moderate their asking price.
According to the FNAIM survey, 1 out of 2 sellers in France is now ready to negotiate his asking price with an average reduction of 14%. One of the reasons comes from the fact that the properties stay longer on the market: 5 months on average in 2009 compared to 3 months at the beginning of 2008. But more and more professionals now believe that prices have reached a low on the
French Property Market and hope to see the end of the tunnel pretty soon, especially with the improvement of the solvency of French buyers.
The solvency of French buyers is improving
The recent interest cut realised by the European Central Bank (down to 1.5% in April 2009) has contributed to ease the lending market. In France, people can now easily get a monthly repayment mortgage at 4.25% when it was about 5.15% in November 2008. And most importantly, the recent price reductions contributed to improve the solvency of French buyers. The solvency indicator has been increasing by +5.2% on the 1st quarter 2009 compared to last year.
The impact of price decrease by 10% and of a fall by more than 60 points of base interest rates deserve to be appreciated, because these two combined falls make it possible to reduce the rate of effort of the households of about 5 points. Thus, one mortgage refused in the 1st quarter 2008 because of a rate of effort too high, is 35% more likely to be accepted today, taking into account conditions prevailing on the market!
In other words, it's becoming easier for French people to get a mortgage and this has already brought some dynamism to the market.
2009 Forecast
These last price reductions can only be welcomed by the property market. The combination of prices reaching a low on the French Property Market, sellers ready to negotiate the asking price with an average reduction of 14% and the imminent return of French buyers on the market thanks to the improvement of their solvency, it would not be surprising to see the market picking up sooner than expected by anyone.
About the Author
Matthieu Cany is Managing Director of Sextant French Property
Is it safe to visit the French Quarter?
My sister and i are in our early twenties and would like to visit and stay in New Orleans french quarter, but we are a bit weary from everything we've heard. We mostly want to visit one of their many cemeteries, plantations and go on a swamp boat ride.
Would it be safe to stay at a hotel in the french quarter?
I've already heard if we go, not to dress nicely and at night not to walk on the sidewalk where the cars are parked (i guess people like to jump out from behind them and mug tourists)
Any other advice for us?
As an end of college road trip this past June, me and 5 other girls (all 21 or 22) took a road trip down to New Orleans. And it was a wonderful trip! But it is crowded, and lots of drunk people around every turn. Here are my tips and advice for young women traveling the French quarter alone:
1.On the weekends on Bourbon street they have mounted police.
2.We stayed at the Holliday Inn French quarter, there was a door man (guard) every day and night.
3.Stay in eye site of each other when walking around, it is very easy to become separated. (in bars go to the bathroom together even, not as important for restaurants)
4.If you feel tired or threatened walk into the nearest hotel lobby and sit down. No one is going to mess with you in a hotel lobby, and as long as you walk in and act like you belong you will not be asked to leave. (I have done this several times)
5.I never felt uncomfortable or unsafe when walking around bourbon street day or night or at the plantations and other tourist sites.
6.Do not carry all your money on you at once.
7.Keep emergency credit card numbers in you room incase your cards are stolen.
8.Use Common Sense
9.The ghost tours are a fun and really show you the history of the area.
10.Ask for advice on places to go from you hotel desk or restaurants or bars, not the stands on the street.
11.Visit Jackson square, especially during the day. Artists are out showing off their works. Also selling them.
12.You can barging for your purchases at the French Market.
13.Enjoy your self!
It is a great city with the culture unlike any other. Go and have fun. Do not worry, about what could happen. Use common sense and things will end up ok.
(Also if you enjoy Piano Bars, Patty’O Brains has a wonderful one and the best hamburger I have ever had is in a restaurant right across the street from side entrance, I believe it was called Yo Mammas)
The French Quarter