French Property Forum

[Robertos]

Hi,

Do you have any tips for buying real estate in France ?

Thanks

[Clarak]

Find a reputable experienced international real estate firm when looking for property in France. Experience is the key when comes to dealing with the various laws regarding foreign property ownership.

[Clarak]

Use the internet to find fellow expatriates who have already made the move and establish a network which will allow you to set-up local contacts and get first hand advice.

[Mitchelline]

Take a few weeks and visit the area where you are planning to purchase property. When you find the right property, try to work out an arrangement with the owner to rent the property for a month or two before purchasing to see if it’s really the home of your dreams.

[Mitchelline]

Set up a bank account in France before you begin any transactions. This allows you to easily wire money into the account and the bank takes care of exchanging the fund into Euros. Also, a bank account helps you to establish a financial presence in the country which will be beneficial when it comes to time to find financing.

[Rodrigue]

Check out various financing options. First, contact lenders in France; chances are you will be able to find financing in the area where the property is located. If that doesn’t work, contact financial institutions in your home country. Often if you own property in your home country, local lenders will allow you to use that as collateral for an overseas loan.

[FourEd]

It is a good idea to check out your financing options well in advance. You will find that foreign country's have different rules and regulations when pruchasing property. Sometimes the language barrier is often difficult to overcome, so it is a good idea to brush up on the local language as well.

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