French Property And Real Estate For Sale Guide
French Property For Sale
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French laws regarding buying property can vary slightly depending on the type of property you buy.
Capital Gains tax is chargeable on second home sales owned for less
than two years. This would be charged at 33% with reductions on the profit percentages for each additional year of ownership up to 20 years plus.
There are no restrictions on foreign ownership.
Locations to buy property and real estate in France
France occupies a large area and has many appealing districts.
Brittany in the North, French Riviera in the South, Paris for cosmopolitan enthusiasts and of course the French Alp ski resorts like fashionable Courcheval, which can
also be quite lovely in the summer.
Living Costs in France
The standard of living in France is high with good salaries. Cost of living in Frances capital, Paris, is considerably higher with premium property prices, so a larger income is needed if you were live there. On average, the cost of living in France is lower than the E.U average, particularly in rural areas.
Buying property and real estate in France
For a regular freehold residential property.
to buy is negotiated between the buyer and seller and an initial contract is drawn up by the Real Estate Agent or a Notary and signed by the buyer and seller which legally binds both parties.
You would now pay a deposit of about 10% of the purchase price which remains held in a special account by the Notary or selling agent until completion of the sale when the property will no longer be open to offers from other parties. This contract is known as a bilateral agreement, compromis de
vente in French, and the most popular type of contract. You would lose the deposit if you do not proceed with the purchase.
The final contract is signed at the Notaryís office and the deeds pass to the buyer and the land registered. You must then pay the balance of the purchase price to the Notary who will then pay the vendor. You will also need to provide the Notary a copy of your birth certificate translated into French and, if applicable, a copy of a Marriage Certificate, also
Solicitor / Lawyer
A solicitor/lawyer is recommended to protect your interests and conveyance the property title when buying real estate in France. They will be in addition to the Notary who is mandatory for property transactions.
You would expect to pay a total of over 12% of the selling price; less for properties under five years which have VAT (20.6%) built into the price.
The Notary fee would be around 3%, transfer tax 7.5% (less than 1% for
new properties) and registration fees around another 6%.
The vendor should pay the Real Estate Agents fees.
Property Tax in France
Real Estate taxes are levied on property plus residential tax for living as a owner occupier or as a tenant (renting or not). Both are calculated on the average property rental values.
You can borrow up to 80% from French banks and should be declared at the time of the preliminary agreement. The normal repayment term is 15
For more information on buying property in France, please visit the French Governments website:
Our guide will not cover all the legal and full financial information for your Property or Real Estate purchase but should enable you to get an idea of the financial involvement.
Tel: +44 (0)207 201 1000
Fax: +44 (0)207 201 1004
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French Property For Sale
House plus further house and barn to renovate
St Projet en Quercy
Detached Furnished House
St Pierre en Faucigny
Part Furnished Apartment
Promenade des Anglais
First Row Sea
Semi Detached House
Furnished Apartment With Pool
Part Furnished Apartment
Villa / Chalet
Farm + Outbuildings
Chemin du Marecheau
Lake-side Villa With Pool
Villard De Lans
2 Separate Detached Houses
Pacy sur Eure
Aix En Provence
Pays de Caux
Europe France, Cyprus, Spain, Italy, Ireland, Turkey, Bulgaria, Slovenia,
Portugal, Andorra, Switzerland, Sweden, Belgium, Austria, Greece, Germany, Poland
America, Canada, Australia, NewZealand
Asia - Sri Lanka
, Philippines, Thailand, Nepal
Africa - South Africa, Egypt, Morocco, Seychelles
Central America - Costa Rica, Belize, Honduras, Nicaragua
South America - Brazil, Venezuela
- Antigua, Antilles, Aruba, Bahamas, Barbados, Jamaica, Montserrat, Nevis and St Kitts, Puerto Rico, St Lucia, Trinidad and Tobago,
Virgin Islands, Dominican Republic
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