Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
Mortgage rates in France have been at historic lows in recent months. However, the outlook for the next move in interest rates has changed markedly over this period. During the summer of 2013, commentators expected French mortgage rates to rise before the end of the year. In the early fall, this was pushed out to […]
Today, 21 million citizens of non-European Union (EU) countries live in a member state of the EU. Growing cross-border mobility and property ownership mean that beating a path through the jungle of inheritance law is becoming ever more necessary.
Apartment buildings are subject to shared co-ownership expenses (charges de copropriété). Co-owners in Paris pay on average 48.9 euros/m2 per year for a building with all of the amenities below. For a 50m2, this adds up to 2,445 euros per year. But it’s worth noting that many buildings do not have the full range of […]
Question: I have recently bought an apartment that included a chambre de bonne, with the intention of renting that out separately. The room has its own toilet and shower, and from what I understood about city regulations, was large enough to be rented out for residential use. But when I was showing it to interested […]
Question: A client in process of buying a place in Paris just asked us to update him on the current status of capital gains tax in France. Miranda says preparation can be key to minimizing tax.
Jen Angotti, a licensed Virginia real estate agent, interviewed PPG founder Miranda Bothe about the ins and outs of investing in Paris real estate. This post was featured on her blog Concrete Jungle DC.
Question: I own an apartment in Paris. I am a US citizen. I want to become a permanent resident in France. Once I achieve residency, if I sell my apartment to purchase another apartment (bigger), do I pay capital gains tax? Is there a minimum time for the residency requirement?
Is there any chance that if we stall on selling till 2013 that we can pay a reduced rate on capital gains tax? We have owned the property since 2008 and have spent a lot renovating it, but we do have an offer on the table now?
As part of our YouTube video series, “Ask Miranda,” PPG Founder and President Miranda Bothe explains how to maximize the investment value of your vacation home in Paris.