Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
Property owners who spend less than 184 days a year in France and do not pay income taxes in France are considered “non-resident.” Non-resident owners are expected to:
Prior to the signing of the final purchase agreement, the notaire will send the buyer a completion statement
The essential purchase process is divided into two stages. First, the purchase is formalized by a preliminary contract that may be prepared by a notaire – a promesse de vente – or by an estate agent or privately between the parties – a compromis de vente. In either case, the seller is obligated to sell […]
Agency fees are included in the advertised listing price for a property. Listing fees are ordinarily about 5%. The purchase can be structured
Property purchase in France requires the seller to provide to the buyer the results of 6 required diagnostic examinations of the property:
You’d like to buy property in Paris, but you’re not sure whether it’s also the right investment property. For many buyers, particularly in the most coveted neighborhoods, short-term rentals provide great income to offset costs and expenses. It’s important to understand what the key components are that create lasting value.
The assemblée générale de copropriété is the annual business meeting of the co-owners association in a building. The meeting is called by the building management company, or syndic, who also presides over the meeting.
There is no capital gains tax on the sale of a primary residence in France. For a secondary residence owned either individually or through an SCI, the amount of capital gains owed at the time of sale is determined by
A compromis de vente is a mutual obligation of the buyer (to buy) and the seller (to sell). Literally translating as “a promise to sell,” the promesse de vente is a unilateral obligation to sell. There are two substantial drawbacks to a compromis de vente:
Whether the parties sign a compromis de vente or a promesse de vente, the preliminary contract will always contain the following terms: