Investing in France

[Howard Farmer]

France is the most popular destination for overseas buyers in Europe - recently overtaking Spain.

In general terms, the further south you want to invest the more expensive the property. Exceptions: rural property can be much cheaper (the French buy in the towns and newer property). Major towns can be expensive.

Close to coast the property price will increase. There are a few exceptions - some of the marina developments are more competitive but bear in mind these can be like ghost towns out of season.

Quick guide to buying process: after finding a property and making a verbal offer, you will receive a contract; when both parties have signed the contract, it is binding (buyer has a 7 day cooling off period). Buyer will put down 10% deposit. A notaire is used to check legal matters and notarise the property transfer. Typically this will take about 3 months! After the final contract is signed the property is yours!