You’re Guide to Buying a Property in France

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France is a favorite place to own a property,
whether for holiday hideaway or permanent home.
It's easily accessible, the quality of life is
good and the cost of living moderate, the roads
are a joy to drive on and in most regions the
weather is better than in the UK. How do you find
a house to buy in France - and what should you
know about the buying process?
First, research the regions of France for local
weather and character, accessibility, prices,
countryside and architecture. Specialists like
French Connections not only list properties for
sale but also offer regional guides and expert
practical and legal advice.
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A property fact finding mission is a good idea.
Set aside a long weekend to explore your favored
region and view properties.
Plan ahead to make appointments with estate
agents, giving them time to prepare a list of
suitable properties, and make sure an English
speaker is available if you need one. Remember
that in France, the buyer pays the estate agents'
fees so buying direct from an owner could save
you money.
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The purchase procedure is in two main stages.
Once you choose a property and agree a price, you
will likely be asked to sign a preliminary
purchase contract and will have to pay a deposit,
which is usually 10 of the purchase price. The
contract is binding subject to various conditions
and formalities. The second stage is signing an
act de vent . when ownership of the property is
transferred to you and the full amount of the
purchase price. For new build properties,
signature may take place in advance of
completion, with a proportion of the price being
paid.
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French lenders will generally allow you to borrow
up to 80 of the purchase price - but do remember
hidden costs like taxes. After you've become the
proud owner of a property in France, there are
ongoing expenses to consider- including income,
wealth, property, capital gains and residential
taxes.
If you rent out your property in France, you will
have to declare and pay income tax on the rental
income, even if you live abroad.  
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Website - www.french-property-invest.com Address
- 3 rue Rollin 75005
Paris France Phone - 33
(0) 1 44 07 24 42 Email - info_at_frenchpropertyinve
st.com