Property in France

French real estate market is characterized by relative stability: the dynamics of prices is within statistical error, without major outbursts, for which he is appreciated by investors. The most critical years for the sector were the crisis of 2008-2009., When the decline was 5.4% per year. However, when viewed from a 10-year trend, the index of real estate prices, such as Paris grew by almost 42%, and in the department of Alpes-Maritimes (Cote d'Azur) in the same period objects rose 10.9%.

Prices in percentages according to Global Property Guide.

The highest rental rates recorded in Paris - € 26,3 / 1 sq. m per month.

Popular regions and prices

Traditionally, the most expensive French real estate is concentrated in the metropolitan area and the resorts of the Cote d'Azur. So, in the Ile-de-France - the most expensive and densely populated region of France - the average cost per square meter is € 5220, and in the center of the region, Paris, 1 "square" is estimated to be € 7880. In the Alpes Maritimes region and the average cost per square meter is € 4,150, while the price for "square" in the fashionable resort of Saint-Jean-Cap-Ferrat is a range of € 12 000-15 000, and in the segment of real estate goes up to 60 000 euro per sq. m.

On ski resorts in the French Alps, for example, in Courchevel (Department of Savoie) chalet on the average costs € 5400-6600 per square meter. m.

The process of buying and mortgages

French law does not impose any restrictions on the purchase of real estate by non-residents - foreigners on a par with the residents have access to the acquisition of apartments, houses and commercial properties, and execute real estate can be both a natural and a legal person. However, the purchase of land on the coast, in the mountains or near the historical monument are kindly requested to clarify the issue with the restrictions and a ban on building.

Interest rates on mortgages remain low - an average of 2-3% per year. To this must be added the obligatory insurance - about 0.25% of the loan amount. A foreign citizen can count on getting a bank loan in the amount of 60-70% of property value.

Taxes and fees when buying property in France

When purchasing real estate buyer pays the registration tax of 6% VAT. When buying new buildings VAT (20%), as a rule, it is already included in the price. Related costs when buying property in France may raise the price a deal estimated at 18%. In addition to the immediate payment of the property, the buyer pays a commission to the realtor or notary (2.5-5% + VAT), the fee for the transfer of ownership (2-7%) and at its own expense insure the property.