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A Place in France residential developments
The locations we feature are hand picked, previously
visited in most instances and we know them well.
The properties are houses or apartments, purchased
freehold.The houses have a private garden and most
apartments have a balcony, or terrace. The sleeping
capacity ranges from one to four bedrooms and the
habitable area of the properties ranges from
approximately 30m2 to over 100m2. Plot sizes vary
from 50m2 to over 1000m2. Parking (parking space or
garage) is either included in the purchase price or
available at an additional cost.
The residential developments often have a residents'
swimming pool or are within easy reach of a beach.
They also have communal gardens which are maintained
by an appointed management company called a Syndic de
Copropriété.
New locations are normally launched for sale
approximately 8 to 10 months before construction
begins.
New property specification
New properties in France
are delivered with standard
specifications which include a fitted bathroom/shower
room, floor and wall coverings and electric heating.
Plumbing and electrics are provided in the kitchen.
In smaller properties the kitchen area is fitted with
a sink, hob, fridge and units. In larger properties
the fitting of kitchen units and appliances is
normally left to the purchaser to arrange. It may be
possible, at the time of reservation, to bring some
minor changes to the standard fittings subject to
technical feasibility.Reservation contracts cannot,
however, be signed subject to modifications.
Building warranties
Our new French homes come with a ten year structural
guarantee, two year fixtures and fittings guarantee
and a one year general guarantee. They comply with
latest building regulations and quality assured
standards (labels de qualité).
Prices
The prices we quote are in Euros and inclusive of
French VAT. They are the same as offered on the
French market.
Deposit and Stage payments
a. Securing deposit: It amounts to only 5%when
buying new French property compared to 10% when
buying resale. Reservation deposits are by law kept
in an escrow account until the Deeds (Acte de Vente)
are signed with the French Notaire. Payment of the
deposit and signature of the reservation contract
combined reserve the property in your name.
b. Stage payments: When buying French property
“off plan”, payments are made in stages
as construction progresses. As a guideline 15% when
building starts, 15% foundations, 20% floors, 10%
upper flooring, 5% water tight, 15% partition walls,
5% tiling/carpeting, 5% completion of works, 5% key
handover (the confirmed stage payments appear in the
reservation contract).
In compliance with French law, no payment is
requested between paying the deposit and signing the
Deeds of sale with the French Notaire. This does not
mean however, that building work is not progressing.
At the time of signature with the French Notaire you
will be asked to pay the Notaire’s fees and the
appropriate stage payment corresponding to the stage
that construction has reached.
Purchasing costs
a. French Conveyancing costs (French
Notaire’s fees): the legal fees paid to the
Notaire are low in the case of new property in France
at an additional 3% to 4% of the purchase price,
compared to an additional 7% to 8% for resale
property.
b. Mortgage Registration fees: If you are
raising a French mortgage fees will apply (frais
d’hypothèque) which are calculated on a
percentage of the borrowed amount. The French Notaire
confirms these at the time of signing the Deeds.
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For FAQs about French new property go to our
Buying off plan guidelines page
Home – A Place in France properties
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