Category — France

While many a property investor chase bargains in new markets around the world (which in cases such as Cape Verde and India may be very exciting indeed), the old favourites retain their appeal. Poll after poll in recent months has shown that, for all the new opportunities that are out there, France and Spain are still the most popular.

France’s popularity was noticed by property agents VEF. Remarking on this, Easier Property noted that already with the year a week old the company was reporting a 50 per cent rise on the equivalent seven days in 2007.

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Investors seeking profits in French real estate can often find it in rentals, rehabs and high-end properties. France offers a wide array of investment opportunities which vary greatly by location, from scenic countryside villas and homes in Provence, Languedoc and Bordeaux to luxury apartments in Paris to ski chalets in the Alps and Pyrenees to apartments and villas along the Atlantic coast and the French Riviera.

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In France the purchase of a French property is a regulated legal process. The laws relevant to the purchase of a French property, depend to some extent, on the type of property you buy. For example, a vineyard or farm is subject to different procedures and costs. Should the French property have more than 1 hectare the procedure is basically the same as detailed below, except that there might be intervention by the Société d’Amenagément Foncier et d’Establissement Rural (SAFER) which has an automatic right of pre-emption in order to preserve land which it feels should either continue or remain in agricultural use. SAFER rarely exercises this right, but the notaire (roughly the equivalent of a solicitor/lawyer) is under an obligation to notify the SAFER to give it the opportunity to object to the sale. Should SAFER object to the sale any agreement is null and void and you can recover the deposit paid on ‘exchange’. On the assumption that you are buying a French property with 1 hectare (2.47 acres) of land or less then the procedure is as set out below.

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The Buying Process

1.  Research the area.
There are lots of companies selling French Property.  Firstly, we recommend that you do a bit of research on the area where you are considering buying.  If you are going to spend hundreds of thousands of euros on a property, why not spend a couple of euros researching the topic

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France

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