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 | | | French Property And Real Estate For Sale Guide | | |
| | French Property For Sale | Population: 58.7m
Currency: Euro
Exchange Rate: Click here for exchange rate details
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.
Property and Real Estate Prices in France
Range Varies, for example:
From £10,000 / $15,000 for rural homes in need of some renovation
From £30,000 / $45,000 for apartments
From £50,000 / $75,000 for suburban homes
Ski resorts come at
a premium with apartments costing upwards of £60,000 / $87,500 and chalets over £100,000 / $145,000.
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.
An agreement 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 Notary’s 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 translated.
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.
Fees
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.
Mortgages
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 years.
For more information on buying property in France,
please visit the French Governments website:
www.info-europe.fr
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.
French Embassy
58, Knightsbridge
London
SW1X 7JT
Tel: +44 (0)207 201 1000
Fax: +44 (0)207 201 1004
Email: press@ambafrance.org.uk
Web: www.ambafrance.org.uk
10 East 74th Street
Fifth et Madison Ave
New York NY 10021
Tel: (212) 606 36 94/95/96
Email: info@franceconsulatny.org
| | | | | | French Property For Sale |
Location | Price | Bedroom | Type | | St Pierre en Faucigny
France | €199,000 | 1 | Part Furnished Apartment
| 
| Promenade des Anglais
Nice
France | €430,000 | 2 | First Row Sea Front Apartment | 
| Cannes
la Bocca
France | €590,000 | 3 | Modern Apartment | 
| | | | | | Brittany
France | €140,000 | 3 | Semi Detached House | 
| | | | | | Biot
France | €585,000 |
2 | Furnished Apartment With Pool | 
|
| | | | | Sete
France | €295,000 | 3
| Part Furnished Apartment | 
| | | | |
| Monplaisant Périgord Noir France | €390,000 | 3 | Detached House + Pool | 
| | | | | |
Le Biot
Haute Savoie
France | €1,000,000 | 6 | Villa / Chalet | 
| | | | | | Paris
France | €5,500,000 | 5 | Luxury Villa | 
| | | | | | Puy D'eau
Perigord
-Limousin
Area
France | €700,000 | 4 | Farm + Outbuildings | 
| | | | | | Chemin du Marecheau
Nr Challans
France | €800,000 | 5 | Lake-side Villa With Pool | 
| Vouhet
Dunet
Central France | €187,000 | 7 | Large House And Outbuilding
Make Super Family Home Or Hotel | 
| Sete
Languedoc
Med
France | €800,000 | 4 | Apartment | 
| Villard De Lans
France | €650,000 | 5+ | 2 Separate Detached Houses | 
| Nice
France | €339,000 | 3 | Apartment | 
| Pacy sur Eure
Normandy France | €430,000 | 5 | Historic House | 
| Languedoc
France | €195,000 | 3 | Detached House | 
| Aix En Provence
France | €540,000 | 2 | Apartment | 
| Tournus
Burgundy
France | €520,000 | 12 | Water Mill | 
| Beautor
France | €265,000 | 6 | Country House | 
| Burgundy
France | £35,000 | | Farmhouse | 
| Etretat
Pays de Caux
France | €241,971 | 5 | House | 
| Meribel
France | €550,000 | 4 | Duplex
Apartment | 
| Nice
France | €2,100,000 | 6 | House | 
| Argentiere
France | €350,000 | 3 | Semi Detached Ski Chalet | 
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