Purchasing new build or off-plan in France

Buying new construction or property that has not yet been built from a developer is called off-plan purchasing in France.  Purchasing off-plan is a fairly common, safe and even profitable means of property acquisition in France.

Before entering into a contract to purchase off-plan, it is important to determine what stage of planning the developer is in.  This will give you a good feel for the viability of the project.  Some developers need to line up as many potential buyers as possible before their bank will release funds.  It is possible that the developer may not yet own the land on which the project will be built.  Even if they own the land, they might not have all the planning approval and permissions in place.  These factors will effect whether or not the project will ever be started.  You also need to establish the likelihood that the plans will be changed, perhaps significantly, from those originally presented to you. (more…)

Purchasing off-plan in France offers many benefits to investors. Whether you want to resell the property at a profit, offer buy-to-let, or have a long term rental income, off-plan is on the mark for savvy investors.

Choice of units is a definite benefit to purchasing off-plan. In any development, certain units or properties are bound to be more desirable than others due to convenient location, views, privacy, size or other desirable characteristics. When purchasing off-plan you have the opportunity to purchase the most sought after locations in the development and profit accordingly. (more…)

To purchase property off-plan in France you will enter into a two part contract. (more…)

French law provides a number of rules and regulations which provide consumer protection.  Some of those protections include: (more…)