Features of the French Real Estate Market

SCI (Société Civile Immobilière)

In some cases, it is preferable to buy real estate not for an individual, but for a legal entity. For such situations, there is a special type of company called the SCI. By using it, you can significantly expand the capabilities of the owners, namely:

• Register property for several family members or another group of people. There must be at least two partners, and the composition may change.
• These can be individuals, including minors, and legal entities, provide them with equal or different shares of ownership, changing them over time. This may be a way to gradually transfer the inheritance.
• Include one or more items in the property.
• Determine who will inherit the property in the event of the death of one of the owners. In this way, you can prevent the division of shares.

Optimize taxation, both in the case of inheritance and donation, and in the current management of real estate.
Such a company is usually registered by a notary between the signing of the preliminary contract and the main sales contract.

Commercial Real Estate

Foreign individuals and legal entities have the right to buy commercial real estate in France. First of all, hotels are popular among investors, but there is also a demand for restaurants, shops and office spaces.

A transaction on the commercial real estat market is concluded according to the regular rules, with the mandatory participation of a notary.

In contrast to the purchase of residential property, the development of a company gives the right to a residence permit. If the amount of investment exceeds €30,000, and the business plan seems promising to the immigration service, a foreigner can move to France under the "passport-talent" program.

Properties of Special Historic Value

This type of real estate includes, for example, medieval castles. Their number in France is large, and it is possible to make such a purchase, if you have the appropriate funds.

However, the ownership of such an object imposes special obligations on the owner:

• In architectural monuments, all repairs must be approved by the Ministry of Culture (Service Regional du Patrimoine et Monuments Historiques). Restoration can be carried out by architectural firms that have a license in France and experience in such projects.
• The owner must inform the state about the acts of purchase, donation or inheritance.
• In some cases, it is mandatory to open a historical monument to the public.

Real estate for sale in France:

8 900 000 €

Apartment in Paris, France

380 sq.m

Paris. The Golden Triangle. Prestigious apartment with a view of the park a stone's throw from Avenue Montaigne. Area of 380 m2: formal living rooms, dining room, library, 2 bedrooms suite, 1 bedroom standard, 2 bathrooms. Separate studio for staff, garage. Price: 8,900,000€

INDOM

21 000 000 €

Villa in France

650 sq.m

France Cote d'Azur G.Saint Tropez Villa Park The villa is surrounded by a stunning 1.3 ha park with olive, orange trees, pines, lavandas and many other plants. 24-hour security, private area. The villa is in excellent condition The area of the villa is 650m2: living room with fireplace and access to the garden, cinema room, dining...

INDOM

2 960 000 €

Apartment in Paris, France

303 sq.m

France , Paris Apartments in the 16th arrondissement of Paris Classic apartment on the 4th floor in a beautiful building of the late 19th century. Excellent location: Avenue Victor Hugo, the prestigious 16th quarter of Paris. The area of the apartment is 303m2, including a separate studio apartment for staff. High ceilings, parquet,...

INDOM

9 750 000 €

Apartment in Paris, France

355 sq.m

France , Paris Prestigious apartments Prestigious apartment location: in the "Golden Triangle" of Paris, very close to the Champs-Elysees. The design is from a famous master. The apartment is after high-quality renovation, in perfect condition, fully furnished. 5th floor of a beautiful Ottoman house. The apartment...

INDOM

2 680 000 €

Flat in Paris, France

129 sq.m 4 2 1

EXCLUSIVE The apartment is located on one of the most popular streets in the historic Marais district in Paris, opposite the Carnavale Museum, in an 18th-century building. The apartment is located on the ground floor and includes an entrance hall, a spacious living room with an area of 32.9 sq. m, an equipped kitchen, a master bedroom with a...

NF Group

1 400 000 €

Villa in La Garde-Freinet, France

308 sq.m 5 1

URGENT SALE! This modern villa is located in La Garde-Fresnes on the Cote d'Azur, near Grimaud and Saint-Tropez. The villa offers scenic views. The villa has a total area of 308 sq. m. It includes spacious living rooms, 5 bedrooms with access to a private terrace. On the ground floor there is a gym with an area of 30 sq. m. m with shower,...

NF Group

5 000 000 €

Villa in Antibes, France

240 sq.m 4 1

Villa in the heart of Cap d'Antibes, overlooking the sea and within walking distance to the beaches (550 m). The 240 sq.m villa includes on the ground level a spacious living room with an open kitchen and a dining area with a veranda, a shower room and a laundry room. On the second level there are 2 bedrooms with access to a balcony and 2...

SERVICEAZUR

Price on request

Villa on Cap-Ferrat, France

220 sq.m 4 4

Villa in the area of Cap Ferrat (French Riviera). This city is located between Nice and Monaco, on one of the most beautiful headlands on the coast. It is located 200 m from the Grand Hotel du Cap, which is one of the most prestigious hotels in Europe. The living area of the house is 220 sq.m. Interesting design solutions, beautiful lighting...

SERVICEAZUR

5 950 000 €

Villa in Theoule-sur-Mer, France

650 sq.m 7 6

Spacious villa in a gated domain on the hill of Traias, Teul-sur-Mer, with panoramic views of the sea and the Esterel mountains, extending to the Maritime Alps. - With a living area of 600 sq.m., the villa includes a double living room with high ceilings and a fireplace, 7 bedrooms and 6 bathrooms, a study, a professionally equipped kitchen, a...

SERVICEAZUR

Price on request

Villa in Nice, France

350 sq.m 4 4

A house in Nice with a swimming pool and a beautiful panoramic view of the sea. 350 sq.m. of living space, the house includes a living room with a fireplace, a dining room, a separate kitchen, 4 bedrooms, a large balcony with sea views, a studio apartment for friends or servants. On the terrace in front of the house there is a heated swimming...

SERVICEAZUR

Price on request

Villa in Cap d'Ail, France

350 sq.m 7 6 6

Credit 0.85-1.85%

Beautiful frontline house with direct access to the sea, in the heart of an exclusive residential area, a few minutes from Monaco. Villa with a living area of ​​about 350 m2 on three levels consists of a spacious living room, dining room opening onto a large terrace with magnificent panoramic views of the sea and La Mala Bay, a separate kitchen,...

RFC ESTATE

Price on request

Villa in Roquebrune Cap Martin, France

1108 sq.m 7 7

A four-storey mansion with panoramic views of the sea, the Principality of Monaco and the mountains, located in the heart of Roquebrune-Cap–Martin, a prestigious resort town on the French Riviera. With a living area of 1108 sq.m., the estate includes on the lower level: 2 bedrooms, each with a dressing room and bathroom, a home theater, a...

SERVICEAZUR

4 500 000 €

Villa in Roquebrune Cap Martin, France

270 sq.m 4 4

Credit 0.85-1.85%

Located in Cap Martin, villa of approximately 270 m2 on 2 levels, consisting of 2 bedrooms with bathrooms at the pool level, as well as 2 large bedrooms with bathrooms, a laundry room and an additional room that can be used as a 5th bedroom, an office or fitness room. 1 garage for 2 cars and outdoor parking. Land of about 1000 m2 with a...

RFC ESTATE

2 095 000 €

Villa in Roquebrune Cap Martin, France

250 sq.m 4 3 3

Credit 0.85-1.85%

Located in a quiet and residential area, close to shops and beaches, a magnificent modern style villa on 3 levels, consisting of: On the ground floor: large room, separate toilet, shower room, entrance via stairs to the garden level. On the ground floor: entrance hall, corridor with built-in wardrobes, bedroom with shower room, bathtub and...

RFC ESTATE

2 940 000 €

Villa in Roquebrune Cap Martin, France

213 sq.m 5 4

Credit 0.85-1.85%

Beautiful modern villa of about 213 m2, located in the residential area of ​​Hameau near Monaco. This property is built on a plot of 885 m2, planted with fruit trees, with direct access. Parking for 3/4 cars, numerous terraces, beautiful garden and heated swimming pool. On the 1st level we find a spacious living room opening onto large...

RFC ESTATE

340 000 €

Apartment in Cannes, France

67 sq.m 2 1 1

Cannes, Pico quarter, near MIDI beach, one-bedroom apartment with an area of 56 m2, consisting of an entrance hall with a wardrobe, a living room with an American kitchen, a loggia on the south side of 7.32 m2, a bedroom with a loggia of 2.90 m2, a shower room with a toilet, a basement and a garage. Conditioner

IMMOPS, Groupe AVS

1 350 000 €

Apartment in Villefranche-sur-Mer, France

102 sq.m 3 2 2

Credit 0.85-1.85%

In a luxury residence with concierge and pool, a large 100 m² 3-room apartment overlooking the harbor and practically the waterfront, while remaining within walking distance of the center and shops. The apartment consists of an entrance hall, a living room opening onto a large terrace of 27 m² with magnificent sea views, a separate...

RFC ESTATE

25 000 000 €

Villa in Saint-Jean-Cap-Ferrat, France

600 sq.m 10 10

Credit 0.85-1.85%

The property, recently renovated and in excellent condition, is located in the prestigious area of Cap Ferrat, close to the Grand Hotel. About 2300 m² of flat, usable land, beautiful sea views, swimming pool. Main house, guest house and pool house - 10 bedrooms / 10 bathrooms in total. 2 garages and numerous parking lots. Air conditioning,...

RFC ESTATE

5 700 000 €

Villa in Antibes, France

257 sq.m 5 5

Two-storey villa with a living area of 257 sq.m. ideally located on Cap d'Antibes, 500 meters from la Garoupe beach. The villa includes on the ground floor: 4 bedrooms, each with its own bathroom. On the second floor there is a living room, an equipped kitchen and a master bedroom with a bathroom, as well as two terraces, one of which opens onto...

SERVICEAZUR

1 890 000 €

Villa in Le Cannet, France

245 sq.m 6 5 3

Credit 0.85-1.85%

Elegant modern villa located in the charming quiet area of Tivoli in Le Cannet, close to a village with fine dining restaurants, art galleries and cafes. Completely renovated in 2023, this home offers high quality contemporary finishes and large outdoor spaces. Upon entering the house you are greeted by a spacious double living room and...

RFC ESTATE

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Housing Under Construction

The state strictly controls the activities of the developer and guarantees the buyer's safety. However, the main contract of sale cannot be signed until the basement is built. The document specifies the cost, exact description of the property, its area (possible error of 5%).

The reservation fee when buying a home from the developer can not exceed 5% of the price of the property. The payment schedule is approximately as follows:

• 35% – after the basement is built, at this stage, the transaction is notarized;
• 35% – after completion of roof works;
• 25% – upon completion of interior works;
• 5% – key passing.

After completion of construction the buyer receives a dossier confirming this, certificates of compliance, a certificate issued by the city hall, and other documents.

When the project is put into operation, various guarantees of the developer come into force:

1. Guarantee of high-quality completion of construction, valid for a year after the delivery of the project, obliges the developer to correct all construction defects.
2. Ten-year warranty on the strength of the building. It is used by the developer to repair major damage to the basement, walls, roof and supporting structures.
3. A two-year warranty is provided for electrical, fire and lighting equipment, plumbing, elevators, suspended ceilings, etc.
4. Warranty for repair of damage. Refers to various types of damage, the damage is determined by the court. For example, the dismantling and replacement of elements of heating equipment.

Normandy, France

Land Plot for Construction

A lot of land on the coast and in the mountains of France is not subject to development, so before buying you need to clarify whether it is possible to build on a certain site. This information can be obtained from the local urban development plan of the district (PLU-Plan Local d'Urbanisme). The agent helps you get acquainted with it.

During construction, you should take into account the special coefficient of development (COS-Coefficient d'Occupation des Sols), which is assigned to each site. For example, if its value is 0.4 for a plot of 1,000 saquare meters, the house area can not exceed 400 square meters.

Also, the seller of real estate is required to provide information about soil contamination due to industrial emissions.

If the site is located on a riverbank or in the mountains, you can request information from the mayor's office or prefecture about the possibility of flooding or avalanches. In addition, when buying such land, you should keep in mind that you will have to free up a public passage along the water's edge or a passage for skiers.

Since the state has the right of pre-emptive purchase of land, it is recommended to send a request to the mayor's office, whether the site is reserved for state purposes.

If you purchase land within 500 m of the historical monument, you will need to obtain a construction permit from the authorities.

The construction permit is provided by two certificates. The first one (Le certificat d'urbanisme ordinaire ou simplifié) specifies the possible size of the building and the construction zone, but does not itself give the right to build. This right is granted by the second certificate (Le certificat pré-opérationnel ou détaillé). To get it, you need to add a document to the request that describes the proposed work.

Pay attention to circumstances that can dramatically increase the cost of construction. First, whether the necessary communications are connected to the site: electricity, water, gas, telephone, Internet. Otherwise, you will have to do it. Second, you can request this information from the mayor's office if the boundaries of the land plot are set accurately. If necessary, you will have to carry out additional delineation of the area with the involvement of a surveyor. You should also pay attention to the terrain. Construction on a sloping site will cost more.

Real Estate on the Coastline

Ownership of real estate on the coast imposes certain obligations on the owner:

• The distance from buildings to the lower tide line must be 100 m minimum.
• The urban plan limits the type and height of buildings and fences, as well as the use of building materials.
• The coastal area must remain public, so the owner of the villa on the beach can not limit the area for a private beach.

Photos: pixabay.com

Quoting conditions of Prian.info materials