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Buying real estate in France
For buying a regular freehold residential property in France.

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. 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
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.

*In France new property purchases attract Vat of 19.6%, but this can be avoided through the leaseback scheme. Leaseback restricts the number of weeks per year that the buyer can use their property, so that it can be rented out as holiday accommodation. Popular in ski resorts and coastal areas with developers quoting an average of 5-6% gross annual rental income. In some cases the buying price you are quoted is with the tax already recovered by the contractor. Leaseback Property

For more information on French Property and to arrange your viewing visit:

French Property Viewing Arrangements  

French Property Search:

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buying real estate in France
  France

"Real estate in Languedoc - France"
  www.realestatelanguedoc.com

Abelcom, français, english
  www.abelcom.net

Alexander Residential
  www.homesinfrance.com

Apartments and Villas on the French Riviera
  www.french-real-estate.com

At Home in France
  www.athomeinfrance.com

Azur Assistance - Property Consultants
  www.azurassistance.com

Best Sites for Buying a home in France
  www.thequalityinformation.com

Casaland de I ' Immobilier
  www.casaland.com

Demeures de France english/Français
  www.demeures.com/titre_en.htm

EPN, France english
  www.europropertynet.com/france.htm

ERA Internet Service France, Français/English
  www.erafrance.com

European Independent Real Estate Agencies
  www.worldclasshomes.co.uk

French Connections English
  www.frenchconnections.co.uk

France Houses Français/english
  www.ghs.fr/franceh/en

French On-Line Lifestyle Guide
  www.firstforfrance.com

French Private and Agents Sale Property
  www.onecallestates.com

French Property News Limited English
  www.french-property-news.com/french-property-news

French Property News and Information
  www.frenchpropertylinks.com

Guy Hoquet Immobilier Agences
  www.guy-hoquet.com

Hamptons International Listings
  www.hamptons-int.com

Home in France
  www.calvacom.fr/home-in-france

IFP, Internet French Properties
  www.french-property.co.uk

Immobilier, Annonces, Ventes, Locations saisonnières, français/english
  www.nd-europe.com/immo.html

Immoblier On Line Français
  www.immo-online.fr

International Property Finder
  www.prestigeproperty.co.uk

Knight Frank International
  www.knightfrank.com

Leggett Immobilier
  www.frenchestateagents.com

Maison Direct Real Estate France
  www.maison-direct.com

Normandie Immobilier
  www.normandie-immobilier.com

North and West France Properties
  www.all-france-properties.com

Not-Net Français/english
  www.etnet.fr/not-net

Overseas Properties France - Cote D'Azur
  www.overseasproperites.com

Overseas Property Links
  www.babingtons.co.uk

Papillion Properties in Poitou Charentes
  www.papillon-properties.com

Prestige Property Group English
  www.prestigeproperty.co.uk

Propertyshop, Français/english
  www.inforoutes-ardeche.fr

Property Search
  www.propertyworld.co.uk

Quality Villas in France
  www.quality-villas.co.uk

Real Estate in France
  www.real-estate-in-france.com

Real Estate in France
  www.carlton-realestate.com

Riviera Sun, Real Estate Agency on the Cote d'Azur
  www.rivierasun.net

Real Estate Information and Search
  www.immoplanet.com

Sifex Properties in Southern France
  www.sifex.co.uk

Simmons EnFrance Properties
  www.enfrance.co.uk

Snow and Sea - French Properties and New Developments
  www.snowandsea.com

UCB - Immobilier Financements
  www.ucb.fr

U.K Based French Property Agents
  www.latitudes.co.uk

Vivre en France, english
  www.vefuk.com

Webbers Property Services
  www.webbers.co.uk

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